Clawing back pay would punish the banks more

Clawing back pay would punish the banks more

As evidenced by practices unearthed in the financial crisis and a whole welter of scandals before the crash (John Rusnak, AIB Dirt, NIB overcharging), Irish banking has had a compromised culture for many decades.

After the effective downfall of the sector in the crash, there was a naive belief in many quarters that this ‘culture’ issue would finally be addressed and trust restored.

The industry itself has even gone as far as setting up its...

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