Will departure of Duffy derail state’s AIB plans?

David Duffy turned AIB around. But now that he’s leaving, how will the state’s plans to recoup the billions ploughed into the bank be affected?

25th January, 2015
David Duffy: stepping down after three years in charge of AIBPicture: Sasko Lazarov/Photocall

For most of its 177 years in business, the Clydesdale Bank has been on the radar of few people outside of Scotland.

The Glasgow-based bank does not make it into the top ten British retail lenders. Its parent company, the National Australia Bank, wants shut of it – no doubt annoyed at the recent quadrupling of the bank’s bill for mis-selling payment protection insurance. It’s a pretty big coup, then, for Clydesdale to land AIB’s chief...

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