Bernard Byrne, who has held a number of leading roles in AIB, has been named as new chief executive. Photograph: Eric Luke/The Irish Times

AIB has sought permission from regulators to appoint Bernard Byrne as its new chief executive in succession to David Duffy, who resigned from the pos(...)

Man with a plan: David Duffy, the head of AIB, gave big hints to the Oireachtas finance committee that he intends to cut the standard variable rate that his beleaguered customers pay. Photograph: Alan Betson

Did I hear that AIB has cut its mortgage interest rates again? Not exactly. But you may well have heard some talk of it. This week Allied Irish Banks’(...)

David Duffy, AIB chief executive officer,  speaking to Conor Lenihan before addressing the Oireachtas Joint Committee on Finance, Public Expenditure and Reform at the Dail. Photograph: Alan Betson

The chief executive of AIB David Duffy and other senior executives at the bank were grilled for more than two hours by the Oireachtas Finance Committe(...)

Head of AIB Daid Duffy told an Oireachtas Finance Committee hearing that if market conditions and the bank’s costs of funding continue to improve it will be in a position to cut its SVR rates.

Almost 150,000 AIB customers with Standard Variable Rate mortgages are in line for an interest rate cut within weeks, the bank’ chief executive, David(...)

While the number of legal cases commenced and the level of repossessions ratchets up, the overall level of arrears has eased for AIB, reducing by 18 per cent in the Republic in 2014. Photograph: PA

AIB had started legal proceedings to repossess 5,709 owner occupied homes in mortgage arrears by the end of last year, according to figures supplied t(...)

John Hourican: rejects speculation his return to Ireland is linked to seeking to become the new chief executive of AIB in succession to David Duffy.

Irish banking executive John Hourican has resigned from his role as chief executive of Bank of Cyprus to return to his home in Dublin where his wife(...)

Clydesdale Bank  has been fined £20.7 million by the Financial Conduct Authority in a record penalty relating to the bank’s “serious failings” in handling payment protection insurance (PPI) complaints.

Britain’s financial regulator has fined Clydesdale Bank a record £20.7 million for failings in how it handled insurance mis-selling claims, including (...)

Hugo McNeill, former Irish full back and head of Goldman Sach’s operations in Ireland; Rob Kearney, current full back and Mark Cunningham, managing director of business banking at Bank of Ireland, at The Irish Times/Potentialife Be Your Best event. Photograph: Cyril Byrne/The Irish Times

Friday afternoons are not well known for peak concentration levels so it was perhaps a little ambitious of The Irish Times/Potentialife team to sch(...)

 Stephen White, AIB’S group chief operating officer

Cantillon loves technology so it was interesting to get a tour this week from AIB’s chief operating officer Stephen White of its impressive Lab (it st(...)

 David Duffy, AIB’s outgoing chief executive: Fianna Fáil’s finance spokesman Michael McGrath said AIB needed to “cast the net far and wide in the search for a top calibre candidate” to replace him. Photograph: Eric Luke

Fianna Fáil is prepared to support the payment of a long-term bonus to the new chief executive of AIB if the candidate commits to a minimum five-yea(...)