Plugging the credibility gap

A revealing exchange last week between Bank of Ireland chief executive Richie Boucher and an overseas analyst said much about the struggle that Ireland Inc faces to rebuild its reputation

17th April, 2010

Bank of Ireland chief executive Richie Boucher could hardly have foreseen the remarkable exchange that took place on his conference call with analysts last Friday, at which he outlined the conditions the European Commission was likely to impose on the bank in return for approving its bailout from the Irish government.

After revealing the bank would sell at least €2 billion of the €7 billion mortgage book it had originated through its ICS Building Society...

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