Michael Murray: The long road to repairing Ireland’s banks

21st February, 2016
AIB headquarters in Ballsbridge, Dublin

For decades in the run-up to the financial crisis, the two main Irish banks were core holdings in Irish investors’ equity portfolios and pension funds. Aside from a few hiccups from overseas adventures and poorly judged acquisitions, they were considered reliable and good dividend payers.

Over their half-century as stock market companies, from the mid-1960s until the onset of the 2008-14 financial crisis, they delivered good returns for shareholders.

There were a few...

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