Comment

AIB’s welcome frankness

15th May, 2010

It seems the days of AIB misreading the business environment are well and truly over. It may be because management at the bank are now resigned to the reality that the state will end up with majority ownership of the country’s biggest bank, but last week’s trading update from AIB was incredibly frank.

There was no sign of talking up anything. It was a refreshingly simple assessment of where the bank,...

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