As we have seen over the past decade or so, bankers have not done a great job in running our banks. Unfortunately it gets a bit messy when politicians start controlling them, too.
AIB's decision to increase its standard variable mortgage rate by 0.5 of a point to 3.5 per cent will have come as a shock to its customers and has generated considerable controversy.
However the background is interesting. Last November, AIB, at that stage run...
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