Michael Murray: Bank restructuring has a long way to go

Michael Murray: Bank restructuring has a long way to go
Jeremy Masding, chief executive of Permanent TSB Pic: Maura Hickey

While AIB may have stolen a major march on Bank of Ireland in technology terms, Permanent TSB does not deserve to exist

It’s a nice little trick if you can get away with it. Let’s say you are a plc. You have a direct competitor in your core market with a broadly similar franchise. Your year-ends and your half year-ends are the same. So you are reporting them at close proximity to one another - in fact, within a day of each other this year (which has kept the banking analysts busy).

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