Tuesday 6 December 2016

Siobhan Creaton: Face of banking to change for the better as foreign firms circle the 'For Sale' signs

Siobhan Creaton

Published 25/01/2011 | 05:00

Banking as we have known it will change utterly this year. In the months ahead, familiar and infamous names will disappear forever from our main streets to be replaced by foreign-owned banks.

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It will be traumatic for customers and bank staff but may mark the beginning of a new banking regime that will be positive for the Irish economy.

Central Bank Governor Patrick Honohan formally put the 'for sale' sign over the Irish banks and AIB is the bank the Government will want to sell as quickly as it can.

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