State ‘could own’ 80% of AIB and 72% of BoI

THE State could end up owning up to 80% of AIB and 72% of Bank of Ireland after the bailout of the financial sector is completed.

An analysis from Davy Stockbrokers implies substantial job losses may be required if the banks are to play a meaningful role in the future of the Irish economy.

What the final outcome will be for the banks and the State after the National Asset Management Agency (NAMA) is set up remains to be seen.