Thursday August 6, 2020

Banks must do more to win back trust

Bonuses may be on the way back, but the public believes the banks have yet to atone for the past

9th June, 2019
Paschal Donohoe: the Minister for Finance is believed to be considering reinstating bonuses for bankers – but is it a politically wise move? Fergal Phillips

It was revealed last week in correspondence between the outgoing governor of the Central Bank, Philip Lane, and Minister for Finance Paschal Donohoe that the bank is now open to the idea of removing barriers to bonus awards within Irish banks.

The banks themselves have been pushing this for some time, expressing particular concern about the retention of senior staff, as well as their capacity to recruit top executives.

British bank relocations arising from Brexit...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Conservation group calls for effective regulation as multinationals increase use of on-site gas plants to generate electricity

Killian Woods | 1 week ago

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 1 month ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 3 months ago