Topic: Allied Irish Banks plc
Irish bank AIB suffers $3.25B loss in 2009
AP News
Ireland's largest bank AIB suffers first-ever full-year loss of $3.25 bln as bad debts soarIreland's largest financial institution, Allied Irish Banks PLC, reported its first-ever full-year loss Tuesday as bad debts soared amid the recession. AIB said it suffered a net loss of euro2.4 billion ($3 ...
AIB shareholders back "bad bank" participation
AFP Global Edition
<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 National Assets Management Agency ...
Irish banks 'may get 28.2bln euros' for bad loans
AFP Global Edition
<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> ...
New AIB bank boss to take pay cut: Irish PM
AFP Global Edition
<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 ...
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