Saturday February 22, 2020

Newsmaker: Richie Boucher

Boucher scores for BoI by retaining New Ireland.

13th July, 2013
Richie Boucher, chief executive of Bank of Ireland. Photo: Tony O'Shea

Bank of Ireland's Richie Boucher notched up another major victory for its shareholders last week when the bank got permission from the European Commission to retain its insurance company, New Ireland, as part of a revised restructuring plan.

Under the new plan, Bank of Ireland will have to exit its British business and corporate banking activities and either sell or close ICS, its mortgage intermediary channel. In exchange, it gets to keep a profitable life...

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