Another blot on the AIB landscape

Whatever the outcome, the Belfry fund cases are more than a hindrance for AIB ahead of a potential float, despite chief executive Bernard Byrne’s insistence the timing is right

Barry J Whyte

Chief Feature Writer @whytebarry
30th April, 2017
Chairman of AIB Richard Pym

It’s been a bad week for AIB.

The bank, which had to be bailed out in 2010 at a cost of nearly €21 billion to the taxpayer, got a bit of a walloping by some significantly bad news.

On Tuesday, it was hit with a €2.275 million fine by the Central Bank because it breached legislation designed to combat money laundering and terrorist financing.

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