Topic: Allied Irish Banks plc
AIB shareholders back "bad bank" participation
AFP Global Edition
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. Under the arrangement, AIB will sell assets to the National Assets Management Agency (NAMA) worth 24 billion euros (34 billion dollars). They are to be ...
Irish banks 'may get 28.2bln euros' for bad loans
AFP Global Edition
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. Allied Irish Bank (AIB) said it hoped to get 17 billion euros ...
New AIB bank boss to take pay cut: Irish PM
AFP Global Edition
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). On Tuesday, the government had rejected a request from AIB to continue to pay senior executive ...
Irish government rejects bank boss pay
AFP Global Edition
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). Allied Irish Bank (AIB), Ireland's biggest bank, which is 25 percent owned by the state after ...
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