AIB nosedive pulls the rug from under small investors

Its stock market value has been fictional for years, but that didn't stop investors piling in on AIB shares

22nd November, 2015
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AIB share collapse Pic: RollingNews.ie

It has been remarkable for a number of years that the most valuable bank in Europe has been AIB, even while it was booking jaw-dropping losses. At one stage, its market capitalisation was almost €55 billion, not too far off the cost of bailing out the entire financial system.

Of course, the value of AIB on the stock market over this time has been completely fictional. The bank has been 99.8 per cent owned by...

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