Shane Ross: Good riddance to invaders
Published 14/02/2010 | 05:00
SHED no tears for the Halifax Bank of Scotland; but say a prayer for the 750 people that the retreating bankers are dumping on Ireland's dole queues.
Far from increasing competition in the Irish market the Scottish invaders have spread contagion around Ireland over the last decade. They are exiting a scorched earth, partly of their own creation.
Remember the arrival of the Bank of Scotland in 1999? They cut mortgages by one per cent. They were here to challenge Ireland's big banks. Behold Ireland's giant killers, the cartel breakers.