Company Watch: Hat-trick for Hunt as AIB goes from strength to strength
A €138m acquisition of Goodbody, a joint venture with Canada Life and a successful securing of Ulster Bank’s corporate and commercial loans have made it a fortnight to remember for the chief executive and his bank
When Colin Hunt was initially announced as the new chief executive at Allied Irish Banks in late 2018, his nous as a dealmaker was among the traits said to have secured him the top role.
Since he took the reins in March of the following year, those credentials have been underscored by the completion of a hat-trick of high-profile deals, all of which have been pushed over the line in the past fortnight.
First came the...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
BPFI paper reveals Irish banks’ hostility to new global trading regulations
A new position paper from the Banking and Payments Federation of Ireland shows that the banks argued the rules would require them to hold far more capital than their global peers, limiting their ability to lend
Data watchdog contacts Central Bank over credit union breach
DPC examining accidental release of the names and addresses of senior credit union officials by the Central Bank
State may sell off more AIB shares ‘subject to market conditions’
Officials advised the Minister for Finance that a successful sale of Bank of Ireland shares could facilitate cutting taxpayers’ investment in AIB
Card spending on hospitality and international travel surged in August
Data released by Bank of Ireland also showed a big increase in card transactions in pubs, restaurants and accommodation while airline spending also rose