From pillar to post
Back in the early days of the banking crisis, before finance minister Michael Noonan devised his so-called "pillar strategy"”for the survival of Bank of Ireland and AIB, Irish Life & Permanent regularly presented itself as the natural "third force" in Irish banking. Every few months talk of a new potential merger would arise, usually involving either EBS or Anglo Irish Bank, but none of the plans was ever consummated, leaving IL&P...
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