IBOA, the Finance Union, is seeking clarification from the Government on the likely impact of the creation of the National Asset Management Agency (NAMA) on the jobs of the Union’s 23,000 members in the financial services sector.

BANK officials have called for more fundamental changes to be made to the financial services sector, including a major reconstitution of the boards of all banks, to restore integrity to the country’s banking reputation.

Scandals involving two of Ireland’s major banks have jeopardised the financial industry’s international credibility, Taoiseach Bertie Ahern warned today.