When senior executives at AIB began scrutinising the financial data at Goodbody Stockbrokers, the first thing that jumped off the page was not how much the broker was making or how much excess cash it had on its balance sheet. Instead, it was the sum of €700,000 paid by the state to Goodbody in Covid-19 wage supports. The wage subsidy scheme had been introduced in March to help companies most impacted by the crisis and offered a subsidy to companies who had seen a fall in turnover of more than 25 per cent. Given the numbers showed that Goodbody was…

Join The Currency

INTRODUCTORY OFFER.

Sign up today: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 3,200 exclusive interviews, investigations, and analysis, plus over 220 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.