Francesca McDonagh

Appointment comes months after former CFO left the bank for wholesaler Musgrave

Plan will see a carve-out of the investment bank and thousands of job cuts in effort to restore credibility

the real restructuring that’s ahead of Credit Suisse – at a time when financial markets are volatile – will be difficult.

Lender is 'making good progress' on appointing permanent successor to Francesca McDonagh

McDonagh, previously announced as CEO of the EMEA region, will support Ulrich Koerner who is the new chief executive

British banker overhauled the culture of Ireland’s largest bank and leaves company on the cusp of a key profitability target

Business Today: the best news, analysis and comment from The Irish Times business desk

Francesca McDonagh will step down in September after five years in the role

Government has been selling down shareholding in bank from a level of just below 14% about a year ago

Patrick Kennedy tells shareholders at AGM that caps should be replaced by European Banking Authority guidelines on remuneration

Conditions of sale include making €1bn of funding available to non-bank lenders

Open Doors Initiative launches new employment hub for migrants and employers

Department of Finance launches consultation paper on banks amid sector assessment

Bargain-hunters enter market after sell-off on economic worries

Retention of talent cited as key issue as overseas lenders and fintech disrupt market

US shares fall on inflation worries

Cantillon: Francesca McDonagh joins Credit Suisse as bankers look to change pay rules

Bank of Ireland, Deutsche Bank and Spotify among the fallers

Move comes as Swiss lender reports dramatic fall in revenue in first quarter of the year

Bank of Ireland’s departing CEO hails positive start to 2022 in trading statement but warns about threat of inflation

Executive is expected to join another European financial institution

Bonuses drive executive rewards as business booms on back of pandemic stimulus

Joe Brennan: Its big pitch to investors when refloating was €3bn over-capitalisation

Bank of Ireland’s cash returns to State near €6.5bn as share selling continues

Bank fined €463,000 by the Data Protection Commission over reporting errors on loans

Myles O’Grady set to step down from role on Thursday

It is expected that the State’s holding in the bank will fall to zero by the middle of this year

Lender predicts that non performing loan numbers will decline

Charges stalled on money sent to families, friends and charities in the country

Bank says it is responding ‘robustly and fully’ to competition questions

CCPC is concerned over plan to purchase €9bn of performing loans from Belgian bank

Former AIB and Virgin Money executive to assume one of departing boss’s functions

Taxpayers eclipsed as largest holder for first time since financial crisis

In a sequel to 2020 no one wanted, some thrived, some slumped and some were unlucky

Number of Iseq20 women directors is up to 31 per cent, but number who are executive directors stuck at one-in-10

Three and Vodafone bosses ranked second and third in Reputations Agency study

Wexford native and bank veteran was member of group executive committee

Bank’s return to private ownership is accelerating

Chartered accountant has been researching environment, social and governance issues

State shareholding in the group down to less than 10%, Francesca McDonagh says