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.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 10 months ago

The Daily Briefing

The Daily Briefing