Another blot on the AIB landscape
Whatever the outcome, the Belfry fund cases are more than a hindrance for AIB ahead of a potential float, despite chief executive Bernard Byrne’s insistence the timing is right
It’s been a bad week for AIB.
The bank, which had to be bailed out in 2010 at a cost of nearly €21 billion to the taxpayer, got a bit of a walloping by some significantly bad news.
On Tuesday, it was hit with a €2.275 million fine by the Central Bank because it breached legislation designed to combat money laundering and terrorist financing.
The breaches – described as “significant failures” in AIB’s ...
