Protect the taxpayer in banking reform

The departure of the chief executive and chairman of AIB had become inevitable, as the full scale of the problems in the bank gradually unfolded. AIB’s top brass had angrily insisted last year that the bank did not need extra capital; as the scale of

2nd May, 2009

The departure of the chief executive and chairman of AIB had become inevitable, as the full scale of the problems in the bank gradually unfolded. AIB’s top brass had angrily insisted last year that the bank did not need extra capital; as the scale of its bad loans and the need for state support became clear in recent months, their position became untenable. Yet the departure of senior management in AIB and elsewhere will not,...

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