Believe it or not senior bankers are actually trying to sue their companies for commission on sales between  2006 and 2007!

The majority of staff who work for the various banks have only taken a 10% pay cut and are now being asked to contribute into their own pension funds. God love them - the majority of self employed people have reduced their wages by over 50% and are only paid intermittently. As for pension contributions, they’ve been canceled along time ago.

What’s most galling about this is that banks are billions of Euros in debt, and despite this, they treat small business with
with little or no sympathy. They are now verging on the point of extreme credit control as opposed to three years ago when
they went out of their way to lend to unsuitable businesses. They have made bad business decisions, unwise investments and courted almost gangster-style companies abroad to hide illicit funds. Despite this only a handful of directors at the top have resigned and amazingly no one went to prison. It’s disgusting, all they have done is feather their own nests.

For me the biggest sin is their lack of sense of awareness of how tough things are in the real commercial world of business.  Small business’s are fighting to stay alive. At the end of every month it is a continual battle to get funds in to your business to pay your staff, PRSI, VAT, commercial mortgages, leases and rates. But at the end of the month their wages are paid despite the fact they are billions in debt and we are paying their wages.