Gilmore: Little change in top management of banks

THERE’s been little or no change in the top management of the country’s banks in return for the “largesse of the taxpayer”, according to the Labour Party leader, Eamon Gilmore.

He said banks are “very quick to come with their hands out seeking assistance”, but that just seven of the 42 bank directors have left their positions since the state guarantee was made to the financial institutions just over a year ago.

Mr Gilmore also claimed there was disagreement between the Government and the board of AIB over the appointment of a new chief executive for the bank.