EU approves AIB restructuring plan

AIB has won European Union approval for a restructuring plan linked to its €21 billion government bailout, the European Commission said today.

7th May, 2014

AIB has won European Union approval for a restructuring plan linked to its €21 billion government bailout, the European Commission said today.

The bank has pledged to reduce cost and avoid acquisitions until the end of 2017, the EU said. AIB will give rivals access to cash supply and distribution services and access to market intelligence and the company will promote a rival to enable customers to switch.

AIB has told the EU Commission that it...

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