Banking on the unacceptable
Published 04/03/2011 | 07:25
THERE are only two certainties in life -- death and taxes. But a third can now be added, and that is the limitless capacity of our banks to shock. These institutions have been singularly responsible for bringing the country to its knees, and the nation has put its future in hock to secure their survival.
Even so, yesterday we learned that Bank of Ireland is to pay €2m to the exchequer for providing "misleading" information on bonuses paid to staff.
An investigation ordered by the Department of Finance shows the bank paid staff bonuses totalling nearly €66.4m from September 2008 to the end of last year.