Bank must cut links with porn group, says Labour

BANK of Ireland should reconsider, on ethical grounds, its multi-million euro support for a British pornography distribution company, Labour finance spokeswoman Joan Burton said last night.

Bank of Ireland is the main financial backer to Remnant Media, which plans a €37 million float on the London Stock Exchange (LSE) to raise funds to develop its portfolio of 45 highly-profitable pornographic magazines in new markets around the world.

If successful, Remnant Media will become the first purveyor of pornography to successfully float on the LSE.