Paying for the banks' folly

Customers should brace themselves for a fundamental transformation of the country's banking sector, writes Richard Curran.

14th July, 2012
Paying for the banks' folly
Nowadays, young people "marvel at the concept of going into a bank branch". Photo: Bloomberg

AIB has ratcheted up the pressure on the future of bank branches around the country with its announcement of closures and a tie-up with An Post. Long overdue in purely financial terms, the cost-cutting at AIB is part of a new reality being faced by banks. AIB joins a growing list of banks that are scaling back their physical presence on Irish streets.

Bank of Scotland (Ireland) has closed its 44 branches. National Irish Bank...

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