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
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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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures