Letters to the Editor: Bank closures the price we pay for technology

Apart from inconvenience to customers, how will it impact on commerce and employment?

Bank of Ireland’s closure of 103 branches is another example of how unprepared we are for the enormous change being wrought by technology.

Much as we might dislike banks, they are commercial ventures, and it is necessary for them to make profits to survive. In the current environment of gross oversupply and sub-zero interest rates, making profit is becoming ever more difficult.