AIB forced to run up white flag

A frantic week of talks ended up with the state moving on Ireland’s biggest bank

2nd October, 2010

Nationalised banks are not meant to look like this.

AIB, a bank whose roots are older than the state itself, succumbed to a near-identical fate to that of rogue operator Anglo Irish Bank last week as the lights finally went out on its doomed struggle to stay out of state control.

The bank’s new owners - Ireland’s taxpayers, who will likely own around 93 per cent of AIB within weeks - may be shocked at...

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