No money in the bank

Halifax’s Irish customer base fell far short of the critical mass needed for a retail bank to justify its existence

13th February, 2010

While Halifax had always portrayed itself as a bank seeking to make history with a revolutionary shake-up of the Irish market, it certainly became history sooner than its pioneers could have predicted.

‘‘It’s a hell of an undertaking to open up a branch network from scratch,” said Mark Duffy, then chief executive of Bank of Scotland (Ireland), when the bank launched the Halifax retail network in 2006.

Last week, he might...

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