Irish bank AIB suffers $3.25B loss in 2009

2010-03-02T00:30:17Z

<div id="subtitle">Ireland's largest bank AIB suffers first-ever full-year loss of $3.25 bln as bad debts soar</div><div><p>Ireland's largest financial institution, Allied Irish Banks PLC, reported its first-ever full-year loss Tuesday as bad debts soared amid the recession.</p><p>AIB said it suffered a net loss of euro2.4 billion ($3.25 bi...

AIB shareholders back "bad bank" participation

2010-02-23T11:57:20Z

<div><p>Shareholders in Ireland's Allied Irish Bank on Wednesday approved the group's participation in a state-funded "bad bank" to buy high-risk bank property loans.</p><p>Under the arrangement, AIB will sell assets to the Nati...

Irish banks 'may get 28.2bln euros' for bad loans

2010-02-23T23:02:42Z

<div><p>Ireland's top two banks hope to get about 28.2 billion euros (42.5 billion dollars) in return for soured property loans which will be transferred to a "bad bank" scheme, they said in statements on Monday.</p><p>Allied Irish Bank (AIB) said it hoped to get 17 billion euros and

New AIB bank boss to take pay cut: Irish PM

2010-02-24T03:44:38Z

<div><p>Irish Prime Minister Brian Cowen said Wednesday that a new boss of Allied Irish Bank will take a pay cut to comply with a salary guideline cap of 500,000 euros (745,000 dollars).</p><p>On Tuesday, the government had rejected a request from AIB to continue to pay senior executive

Irish government rejects bank boss pay

2010-02-24T04:13:57Z

<div><p>Irish Finance Minister Brian Lenihan on Tuesday rejected a request from Allied Irish Bank to pay a new boss in excess of a salary guideline cap of 500,000 euros (745,000 dollars).</p><p>Allied Irish Bank (AIB), Ireland's biggest bank, which is 25 percent o...

Irish lender approached by Canadian bank CIBC: reports

2010-02-25T20:13:29Z

<div><p>Ailing Allied Irish Bank (AIB) announced Friday it has received an approach from a "third party" after media reports said a major Canadian bank, possibly CIBC, had been involved in talks.</p><p>The Irish Times said an unnamed Canadian bank had made a "conditional approach" to the governm...

Irish lender approached by Canadian bank: report

2010-02-25T20:21:42Z

<div><p>The ailing Allied Irish Bank (AIB) has received an approach from a "third party," it said Friday after a media report said a major Canadian bank had been involved in talks.</p><p>The Irish Times said an unnamed Canadian bank had made a "conditional approach" to the government and AIB abo...

A pedestrian passes a branch of Allied Irish Bank in London

2009-08-14T10:16:12Z

A pedestrian passes a branch of Allied Irish Bank in London August 14, 2009. Allied Irish Banks has received an approach from a third party for a minority stake, it said on Friday, in what could indicate scope for recovery among Irish banks which have been pummelled by the credit crisis. Two sources familiar with the matter said the interest came from Canada, though Canada's b...

Ireland seeks cap on bankers' pay

2010-03-03T16:28:27Z

<div><p>Irish Finance Minister Brian Lenihan said Friday he was seeking to cap bankers' salaries at 500,000 euros (645,000 dollars) for institutions covered by a state guarantee scheme.</p><p>The cap being sought is lower than salary limits recommended by a special committee set up to look at the issue in the six financial institutions backed by the two-year government guarantee.&...

Ireland makes 7.0-bln-euro banks injection: govt

2010-03-02T00:26:21Z

<div><p>The Irish government said Wednesday it was injecting seven billion euros (nine billion dollars) into the country's top two banks, Allied Irish Bank (AIB) and Bank of Ireland (BofI).</p><p>They will each receive 3.5 billion euros "in view of the continuing turmoil in global financial ma...

Ireland to inject 5.5 billion euros into three banks

2010-03-01T00:24:27Z

<div><p>The Irish government on Sunday said it was injecting 5.5 billion euros (7.6 billion dollars) into three of Ireland's major banks as part of a rescue package, taking a controlling stake in one.</p><p>The financing involves an initial investment of 1.5 billion euros for Anglo Irish Bank, which w...

Horse Racing - Allied Irish Bank Meeting

2009-04-29T10:55:45Z

Horse Racing - Allied Irish Bank Meeting - Ascot Racecourse - 22/11/08..A general view of Ascot racecourse

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Rock turns savers away after becoming too popular

2010-02-28T07:01:00Z

<div><p>Northern Rock was forced to close several of its most popular savings accounts yesterday after a rush of savers panicked by the near collapse of HBOS and Bradford &amp; Bingley switched their deposits to the government-owned bank. </p><p>The bank, which was nationalised in February, said it had been flooded with money over the past two weeks and the inflow threatened to breach its commitment not to attract more than 1.5% of ...

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