Wednesday January 29, 2020

Mass default would threaten AIB's future - Duffy

UPDATE: AIB chief executive David Duffy said the lender’s existence would be threatened if it didn’t deal effectively with problems in its mortgage book.

3rd September, 2013
AIB chief executive David Duffy.

AIB chief executive David Duffy said the lender’s existence would be threatened if it didn’t deal effectively with problems in its mortgage book.

“We have 2,000 peple here working around the clock,” on troubled loans, Duffy told the Oireachtas Finance Committee.. “If we don’t deal with this and prove that we have sufficient capital, there is no AIB.”

“If everybody goes back and throws the keys...

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