AIB committed to ‘independent’ future: CEO

AIB’s long term strategy is based on an “independent future” for the bank, outgoing chief executive Michael Buckley told staff yesterday.

In an unusual move Mr Buckley issued an internal memo to AIB’s 22,000 plus workers yesterday afternoon.

It followed the publication by the Irish Times of a proposal brought to the AIB board that it merge with US bank M&T in which AIB has a 23.2% stake.