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Sat 11 Nov 2009Crisis is banks' responsibility, says head of Permanent
THE CHIEF executive of Permanent TSB told a gathering of financial service professionals that the banking sector bore chief responsibility for the State’s financial woes, and that the entire industry had been “humbled” by events over the past year.
Speaking at the annual dinner of the Institute of Bankers, David Guinane said: “As bankers, we must recognise first and foremost that this crisis has been caused by the failure of our sector to fully understand and manage the risks inherent in our business.”
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