Hewlett-Packard and Bank of Ireland Squabble Over Porn

DUBLIN – In a case that has pitted the Bank of Ireland against Hewlett Packard, neither party is willing to pick up the bill in the aftermath of a adult-related scandal that managed to rock the esteemed banking institution to its very core.

Several months after Michael Soden, president of the Bank of Ireland, resigned after porn was discovered on his office computer, the Bank of Ireland is pointing the finger at HP, saying it is responsible for creating a hostile work environment that allegedly caused its IT department employees to leak the story to the Irish press.

At issue is whether HP or the Bank of Ireland will be stuck paying off Soden's substantial severance package that could tally up well into the millions of dollars. Bank officials believe the onus should be on HP.

Soden's surfing habits were discovered with seeming randomness in a routine maintenancing of his computer by IT staff. The bank is alleging that the IT staff had become disgruntled that their jobs had been outsourced to HP, a deal that Soden was responsible for.

Prior to the porn scandal, Soden had penned a deal with HP that would have effectively shifted those IT staffers to work for HP, and several key employees were dissatisfied with the terms of the outsourcing that would have forced them to resign.

As soon as the press got hold of the story, the bank alleges it was forced to go public with the story, which has resulted in increased public scrutiny and embarrassment to both Soden and other bank officials.

Soden was forced to resign after only having violated the bank's computer policy, and according to the Register, no child porn was found on his computer.

Soden is said to have made the outsourcing deal with HP shortly after being promoted to the position of chief executive.

The Bank of Ireland was also caught in a secondary porn scandal earlier this year for its involvement in a financing deal to help purchase a collection of pornographic magazines from porn mogul Richard Desmond.

The financing deal was eventually carried out by the Bank of Scotland, which loaned several million dollars to finance startup company Remnant Media, which bought 45 adult magazines from Desmond.

Both banks were forced to issue apologies to shareholders and women's and religious groups that were outraged by the affiliation with the adult industry.

At the time of the Bank of Ireland's involvement in the adult-oriented loan, the National Women’s Council of Ireland said it would be advising its members to close any accounts they had with Bank of Ireland unless it withdrew its involvement in the sex industry.

Copyright © 2026 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Segpay Partners With Corey Silverstein for Legal Services

Segpay has partnered with adult industry attorney Corey D. Silverstein for specialized legal compliance and policy support for its merchant network.

AEBN Reveals Kasey Kei as Top Trans Star for Q2 of 2026

AEBN has named its top trans stars for the second quarter of 2026, with Kasey Kei landing atop the leaderboard.

Missouri Governor Signs Bill Making AV Regulations State Law

Missouri Governor Mike Kehoe signed a bill into law on Thursday requiring adult websites to age-verify users in the state, finalizing a legislative “stamp of approval” for AV rules after Missouri’s attorney general unilaterally imposed similar regulations last year.

Utherverse Launches 'Adult Game Fest' Virtual Convention

Virtual reality and metaverse technology company Utherverse is launching its inaugural Adult Game Fest convention and trade show, taking place Sept. 24-26.

Ofcom Fines Fapello $845,000 for AV Noncompliance

U.K. media regulator Ofcom on Thursday imposed a fine of 630,000 pounds (about $845,000) against adult website fapello.com for failing to comply with provisions of the Online Safety Act.

KiwiSourcing Joins Pineapple Support as Sponsor

Outsourcing and consulting firm KiwiSourcing has joined the ranks of over 70 adult businesses and organizations committing funds and resources to Pineapple Support.

AdultHTML Introduces AI-First Development Services

AdultHTML has introduced an AI-first development service, giving clients access to experienced software developers who use AI to streamline software development.

Texas Court Orders Adult Site Domain Locked for AV Violations

A district court in Texas has issued a writ requiring domain registry Verisign to “lock” an adult website’s domain over noncompliance with the state’s age verification law.

Adult Web Hosting Service 'QloudHost' Launches

QloudHost, a new web hosting service for adult websites, has launched.

Peter Hooke Launches New Paysite

Peter Hooke has launched an official website through PAYSITE.

Show More