Thursday February 27, 2020

No government call to AIB this time

As we have seen over the past decade, bankers have not done a great job in running our banks. Unfortunately it gets a bit messy when politicians start controlling them, too.

28th July, 2012
I am not sure what the 'right' thing to do is, but the banks can't go on losing money.

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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