Canadian minority stake ‘would ease AIB fears’

THE purchase of a minority stake in AIB by the Canadian Imperial Bank of Commerce (CIBC) would ease the threat of nationalisation hanging over the Irish bank.

If the deal goes through it means the Government would not be the “only potential investor” in AIB, according to an analysis by Bloxham Stockbrokers.

Such an outcome would be “positive” for the bank’s shareholders, said Kevin McConnell, head of research at Bloxham.