Tuesday January 21, 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...

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