AIB probes - Heads must roll to restore public trust

THE mantra ‘greed is good’ could well be the motto of AIB, Ireland’s biggest banking group.

Across a spectrum of financial activities, the bank and some of its most senior executives have demonstrated a disturbing willingness to drive up profits at any cost, ripping off customers in the process while at the same time encouraging them to break the law by becoming tax cheats.

Not since the days of Ansbacher have consumers so keenly anticipated today’s publication of probes into overcharging and tax evasion at Ireland’s leading bank. Though attributed to mistakes in some instances, a flood of allegations has left the bank’s reputation in tatters.