Bonus ban could scupper AIB’s bid for Goodbody
AIB’s falling share price and a ban on paying bonuses to executives while cutting staff numbers are cited as obstacles to the deal
Political opposition to AIB acquiring Goodbody Stockbrokers while at the same time embarking on cost cutting could scupper the deal, senior banking sources have said.
A number of bankers have said that it was surprising that AIB would want to acquire the high costs associated with Goodbody at a time when profitability in the sector was only moderately growing.
The bigger issues, several senior bankers told the Business Post, was how a deal could be...
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