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
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...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine