Tuesday 24 April 2018

Envy: Green-eyed monster took over pillar banks

Philip Ryan

Philip Ryan

THE country's two pillar banks looked on through green-tinted boardroom windows as their once insignificant rival became the go-to bank for big-name developers and businessmen.

Envy among executives and board members in AIB and Bank of Ireland grew into a deep-seated jealousy as Anglo Irish Bank, thanks to their ever-grinning chairman, Sean FitzPatrick, became the dominant commercial lender during the Celtic Tiger years.

Envy, in the biblical sense, is defined as "a sorrow which one entertains at another's well-being because of a view that one's own excellence is in consequence lessened".

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