It’s the simple fact that our government didn’t have the guts to set up a savings establishment (even if they didn’t call it a bank) to aid people in leveraging the high interest rates on deposits that hurts us all so much. 😢
The question is why did so many banks leave the sector recently and why are fewer joining. Lack of competition affects the consumer with higher prices./rates. AIB is still gov owned. Is it due to excessive regulations that prevent new entrants joining in? Surely this is the case when you see the profits banks are making.
It’s the simple fact that our government didn’t have the guts to set up a savings establishment (even if they didn’t call it a bank) to aid people in leveraging the high interest rates on deposits that hurts us all so much. 😢
The question is why did so many banks leave the sector recently and why are fewer joining. Lack of competition affects the consumer with higher prices./rates. AIB is still gov owned. Is it due to excessive regulations that prevent new entrants joining in? Surely this is the case when you see the profits banks are making.