BoI the one to monitor


#1107

Could that have anything to do with children from educated parents do better than those with less education ?
And do educated parents have less kids than less educated ones ?

Ergo, the child’s success is determined by the educational standards of the parents rather than the family size ?


#1108

Except that it’s a function of time spent with the child, effectively hot housing by play. The more children you have, the less time you can spend individually with them. There’s probably a magic number.


#1109

Fair enough, I didn’t hear the segment.

Almost all men will claim that they are not sexist. Most women will tell you that they have or will experience it at some point. So the truth is presumably in the middle.

I don’t think anyone can realistically claim that they neither notice nor care about gender in the workplace. It’s impossible to avoid. Everywhere I have ever worked has had lots of men at the top of the organisation and lots of women at the bottom.

Personally, I try to recall that a) I am a man; 2) sexism is something that women suffer at the hands of men. Maybe I am the first man without such tendencies, but probably not. So I very consciously watch how I act and behave around female colleagues.

But again, that’s just me.


#1110

Delinquency and violent criminality is also the almost exclusive domain of men. Do you go around fretting that you might be a violent criminal, unbeknownst to yourself?


#1111

The academic field of gender studies that promotes the concept of male privilege does so in a highly questionable manner.
‘The Conceptual Penis’: Academic Hoax Exposes Absurdity Of Gender Studies


#1112

If a man treated a woman the same way he treats his other male friends, she could well perceive that as sexist.
But that’s not to say the intention was sexist.


#1113

Great spot - let’s see if the Irish media pick up on this. RTE had a detailed report on the launch last year, quoting her prominently.
rte.ie/news/business/2016/0 … c-banking/

Could it really be so simple to hack this system and, if so, what tests did HSBC run before assuring their customers it was safer than PIN codes?

A happy coincidence, no doubt, for HSBC that the BBC report comes just a day after the news that she is leaving them for BoI.

I seriously doubt BoI will run Voice-ID after this, but they will make good use of her other major specialty - closing branches.


#1114

Great spot, IXUS.

Could it really be so simple to hack this system and, if so, what tests did HSBC run before assuring their customers it was safer than PIN codes?

Let’s see if the Irish media pick up on this. RTE gave it a big push when it was launched, including quotes from herself.
rte.ie/news/business/2016/0 … c-banking/

I doubt she’ll be rolling out Voice-ID here - more like BoI hired her for really speciality: closing branches:
rte.ie/news/business/2017/0 … in-the-uk/


#1115

cnbc.com/2018/02/26/bank-of-ireland-to-pay-its-first-dividend-in-10-years.html
Strong results again. Shares still just bouncing along


#1116

E7.67 per share
Roughly 1.5% yield


#1117

Juxtapose this.

Hiring the former head of a bookies as Chairman of a bank. Red flagging individuals applying for mortgages who have bookies activities on their accounts.

Surely a bookie as Chairman of a bank is the exact wrong culture fit.


#1118

Disappointing results for BoI pile pressure on CEO. IT claims BoI is worst performing Irish Bank but AIB share price has tracked BoI for two years now.

irishtimes.com/business/fin … -1.3806167
Politicians want no evictions but the ECB is losing patience with our NPLs. Who’d have believed BoI wouldn’t want any more deposits?

What happens when interest rates increase? Will we ever fix our banks?


#1119

The Competition authority is warning BoI about market signalling.

The Competition and Consumer Protection Commission (CCPC)>

repeats its call for officers of Bank of Ireland to refrain from making public statements, regarding future price increases of its financial products that could potentially amount to a breach of competition law".

Seems like BoI is going to increase rates and wants its “competitors” to follow suit. BoI are certainly the market leader. I’m sure AIB would be delighted to increase their rates if they could tell their largest shareholder (Minister Donohoe) that “all the boys are doing it”.

https://www.independent.ie/business/irish/bank-of-ireland-warned-over-mortgage-remarks-37987914.html


#1120

Maybe I was misreading the situation - I should have said AIB would be delighted to cut their rates if they could unload their NPLs.

https://www.irishtimes.com/business/financial-services/aib-hints-at-further-loan-sale-to-tackle-deep-long-term-arrears-1.3856181

https://www.rte.ie/news/business/2019/0409/1041514-aib-mortgage-rates/

The new rates sound great, but NB:

AIB said the revised fixed rates come into effect from April 10 for all new customers and existing variable rate customers who wish to opt for a fixed rate.


#1121

18 months later BOI trades at €4.38

Down 34% year on year. Half year results, and the tracker fines from the CBI out in the next few weeks (after PTSB got smacked with €21m). So AIB, Ulster and BOI will probably get around €10-15m each

Not a good environment for a Bank, with ZIRP and no effective repossession/property rights. And the public gets what the public wants.


#1122

which gives it a market cap of
Market cap 4.98bn EUR

meanwhile N26 isn’t far behind

N26, the most prominent of a cluster of millennial-targeting European online banks, has raised another $170m from existing investors, putting a value of $3.5bn on a company that says it does not see profitability as a “core metric”.


#1123

BOI down at 3.42 today. Down over 20% in the last three weeks alone.

In ‘old money’ the shares are circa 11c (30:1 share split was done in 2017)

They traded at 15c in 2012.

From Feb 2012

Shares rose about 80pc from their 2011 open to the 15c high hit on Friday, February 3.

Crucially, the price rises occurred on steadily increasing volumes – in December, an average of 28 million shares a day were changing hands, in January, that average shot up to almost 40 million.

On the days with the biggest share price jumps, the volume has been highest – close to 250 million shares were traded last Friday when the shares hit that magic 15c. Increasing prices on increasing volumes suggests serious momentum.

That doesn’t mean it will continue, though. Already volumes have dropped back, and the price is back down in the mid-14c range.

Full-year results on February 20 will be carefully watched for signs of further loan book stress.

The eurozone crisis also looms large, and with it the spectre of a Greek default.

Even if that happened, you might still be right to believe that Bank of Ireland’s fundamental value is above 15c.


#1124

AIB has also tanked over the past fortnight. From 3.66 to 2.80 Euro. A quarter of its value lost since 25 July.

This is probably no deal Brexit, as with BoI, but domestic factors have prevented our two pillar banks from benefiting from their duopoly in Europe’s the best performing economy.

We own 70% of AIB so the failure to divest ourselves of these shares, despite the advice of the NTMA, has been a colossal error.

Probably cost us two National Children’s Hospitals at this stage but who cares? Has our public service broadcaster shone a light on this? Oh, look! That seagull stole my chips!


#1125

https://www.bloomberg.com/news/articles/2019-12-17/bank-of-ireland-drops-most-in-ten-months-after-regulator-s-move?srnd=premium-europe


#1126