Union demands a better corporate governance in pillar banks

Banking union IBOA has said despite the positive stress tests results for most of the country’s pillar banks, there is still a need for better corporate governance in the major financial institutions.

General secretary Larry Broderick said his union welcomed the positive stress tests.

“It’s a reflection, in our view, of the significant contribution made by staff in terms of the major sacrifices with thousands of jobs lost and significant reductions in earnings,” said Mr Broderick.