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Ian Guider: Banks can sit back and wait for customers to fall into their laps | Business Post

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Banks can sit back and wait for customers to fall into their laps, writes ianguider.

‘AIB, Bank of Ireland and Permanent TSB are deploying hundreds of staff on the logistics of signing up the Ulster Bank customers who will have to close their various accounts in the coming months.

’ Picture: Cezary Kowalski/SOPA ImagesTwo of the five banks that offer current accounts decided to leave. Several thousands of jobs were cut, mostly through voluntary redundancies. Branches across the country were shut and interest rates, for both consumers and businesses, remained the highest or close to the highest in Europe.Subscribe from just €1 for the first month!

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