Monday 5 December 2016

Shane Ross: The third farce in banking

Shane Ross

Published 07/03/2010 | 05:00

WELCOME to the third farce in banking. Yes, that appears to be one of the Government's glib solutions to the banking crisis.

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The plan of action is to merge EBS, Irish Nationwide and Irish Life's banking arm into a third force. Anyone else who wants to join in is welcome.

Halifax Bank of Scotland took one look at the idea and promptly left the country. But the Government still loves the project: lump all the troubled minnows into one pot.

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