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Ann: Central Bank of Ireland correspondence, page-58

  1. 814 Posts.
    lightbulb Created with Sketch. 379
    Ouch....

    50% was very overdone and hence responding now. I expect a -25% close by end of day

    You would think that with the significant UK, Ireland and Global welfare disbursement programs and strong ties to govt that they will be given a significant fine but..... the opportunity to remediate the situation and ongoing regular audits. Keep in mind what CBA, Westpac, Crown Resorts have all gone through in the last few years in that they get the chance to sit with the regulator and demonstrate change behavior.

    Not to diminish or sugar coat the above but the 27% of global revenues between 1 Jan and 31 Mar refers to a period where there was significant lock downs in Europe hence in a nominalized environment this this might only be 10-15%

    Will wait and see I guess but no doubt Tom and the board will address this


 
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