AIB has named British banker Richard Pym as its new chairman.

British banker Richard Pym has been named the new chairman of AIB. Mr Pym is currently the chairman of the Co-Operative Bank in the UK, and former cha(...)

AIB chairman David Hodgkinson told shareholders that a “simplified and strengthened capital structure will better enable a return to shareholders as well as helping to meet regulatory requirements”. Photograph: Dave Meehan

AIB went to the Commercial Court yesterday to seek permission to reduce its share capital by €5 billion to create distributable reserves. It was the f(...)

 Shareholder Mary Clarke from Wicklow speaking to David Duffy (left),  AIB chief executive and David Hodgkinson, chairman, AIB, at the agm yesterday. Photograph: Cyril Byrne

It was probably a sign of the changed mood in Ireland these days that the battalion of pensioners marching through Ballsbridge yesterday morning wa(...)

AIB chairman David Hodgkinson told shareholders today that the bank intends to repay the €20.8 billion in bailout funds that it has received from the (...)

AIB Headquarters in Ballsbridge Dublin. Photograph: Bryan O'Brien

It has been a tale of two banks and their chief executives this week, with AIB and Bank of Ireland both releasing their 2013 annual results. (...)

David Duffy (centre), chief executive, with Fergus Murphy (left) director of products and capital markets and Myles O’Grady, director of finance at the presentation of the AIB Annual results  at Ballsbridge, Dublin. Photograph: Eric Luke / The Irish Times

AIB chief executive David Duffy said yesterday the bank had not sought the reinstatement of bonuses from the Government earlier this year, but had (...)

Fianna Fáil TD Seán Fleming said AIB should be “sent packing” by the Government, given that the bank was bailed out to the tune of €20.8 billion by taxpayers, continued to be loss-making and had yet to deal meaningfully with its mortgage arrears customers.

AIB has raised with the Government the issue of bank bonuses being reinstated and the cap on pay for executives being lifted. It is understood that th(...)

Salaries were capped and bonuses banned at AIB following its ¤21 billion bail-out by the state. Photograph:  Cyril Byrne/The Irish Times

The Department of Finance says it has no plans to change the remuneration arrangements senior staff at Allied Irish Banks.This follows reports that th(...)

Shareholder Billy McGuire speaking  at the AIB AGM. He questioned where AIB had received its licence and why it was “fraudulently” using the “sovereign seal of Éire”.

It might have been the glorious sunshine outside or a certain battle fatigue five years into the financial crisis. Or perhaps it was the fact that the(...)

David Duffy, chief executive of  AIB, and David Hodgkinson, chairman,  at their agm  in  Ballsbridge, Dublin, yesterday. Photograph: Brenda Fitzsimons

AIB chairman David Hodgkinson told shareholders yesterday that it is working towards making an outright profit next year and has sufficient capital to(...)