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#Irish Banking

# irish-banking - Tuesday 30 October, 2018

Banking industry asks Irish public for its say on new culture board to help 'rebuild trust' in sector

The banks have said they know their reputation has been damaged, and they want to take steps to address that.

# irish-banking - Friday 26 July, 2013

Warning over increase in 'phishing' emails seeking PTSB account details

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# irish-banking - Saturday 1 October, 2011

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The growth in deposits from people overseas has been hailed by the government as a vote of confidence in our lenders.

# irish-banking - Tuesday 19 April, 2011

Column: Nick Leeson on how the Nyberg Report cannot just pay lip service to reform

In his latest weekly column for, Nick Leeson writes that if the banks behaved like kids in a sweet shop, then the government and the regulators were like the negligent parents who let them.

# irish-banking - Tuesday 12 April, 2011

Column: Nick Leeson asks why no-one has gone to jail for the Irish banking collapse

In his first column for, the man who is famous for losing $50 million in one day wonders why no-one has been held accountable for the far greater losses in Irish banks.

# irish-banking - Thursday 9 September, 2010

The Anglo break-up: what the world’s papers say

Our guide to what the world’s media is saying about the break-up of Anglo Irish Bank into ‘funding’ and ‘recovery’ banks.

# irish-banking - Wednesday 8 September, 2010

Anglo to be split into ‘funding’ and ‘recovery’ banks

The nationalised bank will be split into two newly-formed banks after the government agrees on a radical restructuring plan.

# irish-banking - Tuesday 10 August, 2010

FINE GAEL TD Leo Varadkar has criticised AIB for continuing with its staff benefit-in-kind schemes while simultaneously increasing interest rates on variable rate mortgages.

“I certainly don’t begrudge employees of the bank any benefits they may have,” Varadkar said. “However, this practice is reflective of the culture at AIB and many of the other banks, and that’s the culture of a big bank that still thinks it’s in the Celtic tiger-era.

“Banks have lots of buildings, lots of cars, lots of offices, lots of big salaries and lots of benefits and these are the things that need to be cut back before they increase interest rates on ordinary mortgage holders.”

The level of bank perks is also being criticised this lunchtime on RTÉ’s Liveline, with many mortgage payers sharing their disgust at the fact that the bank’s staff are still entitled to such perks, despite the bank being on the verge of being taken into state ownership.

In a statement today, AIB repeated its asssertion that said staff were “entitled to claim reimbursement of one sports and social club subscription for single membership in any one year.

“The amounts vary from half to full reimbursement of the fee with an upper limit of €2,500. ’Staff members must pay full tax on all of these payments and this is deducted through the bank’s payroll system.”

Bank of Ireland and Anglo Irish Bank have also said they operate similar procedures.

Earlier today revealed that the cost of the perk scheme could double the amount the bank makes in increased interest payments.