Banks put profits before people

THE scandals in the Irish banking sector are damaging the sector's international reputation, Larry Broderick, director general of the Irish Bank Officials' Association, warned yesterday.

Mr Broderick said the ICI collapse, DIRT, Ansbacher, CMI, the Rusnak affair, overcharging and Faldor were finally taking their toll on the standing of the banking sector.

The IBOA, in its submission to the Joint Committee on Finance and the Public Service, said much of this had resulted from the downgrading of jobs, the introduction of low pay and the outsourcing of certain tasks, which had demoralised staff.