The State currently owns 99.8 per cent of AIB, 99.2 per cent of PTSB and about 15 per cent of Bank of Ireland. Photograph: Cyril Byrne

The Department of Finance is looking to hire consultants to advise it on strategic options for the State’s shareholdings in AIB, Bank of Ireland and P(...)

Mason Hayes & Curran managing partner Declan Black said that despite the upturn in the economy downward pressure on legal fees remains  a feature of the firm’s business. Photograph: Cyril Byrne

Law firm Mason Hayes & Curran increased its turnover by 8 per cent to €48 million in 2013 following a strong finish to the year d(...)

“Ultimately, a decision on whether or not to pull the trigger on a legal challenge will fall to IBF president David Duffy, the chief executive of AIB, which is 99.8 per cent owned by the State.” Photograph: David Sleator

It’s hard to know whether to laugh or cry at the news that the Irish Banking Federation is weighing a legal challenge to the Government’s decision to (...)

David Duffy, chief executive of AIB, recently took over as IBF president and his support for a legal challenge would be crucial for it to proceed

The Government’s €450 million bank levy could breach EU state aid rules, according to legal advice given to the Irish Banking Federation (IBF).The opi(...)