Can AIB become the next BOI?

David Duffy of AIB inherited a bank that was far more dependent on government support than its rival Bank of Ireland, writes Jon Ihle.

9th March, 2014

When the government disposed of its €1.8 billion in Bank of Ireland preference shares last December, it was the biggest news in Irish banking since a group of foreign investors saved the lender from nationalisation in July 2011.

The deal, which came almost a year after a similar sale of government-owned buffer' capital into the market, cleared the way for the state to get out of its 14 per cent ordinary stake in BOI - the...

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