AIB nosedive pulls the rug from under small investors

Its stock market value has been fictional for years, but that didn't stop investors piling in on AIB shares

AIB share collapse Pic: RollingNews.ie
Mark Bourke, AIB's chief financial officer, with chief executive Bernard Byrne at an announcement of results Pic: Feargal Ward

It has been remarkable for a number of years that the most valuable bank in Europe has been AIB, even while it was booking jaw-dropping losses. At one stage, its market capitalisation was almost €55 billion, not too ...