AIB’s state of absolute disarray is no surprise

THE need for a continuation of the Government bank guarantee was highlighted this week by the country’s top bank – AIB.

It was made by chief executive Colm Doherty as he announced losses of €2 billion for the first six months of this year, the bank’s worst recorded loss.

Doherty’s day got off to a bad start when the interviewer on Morning Ireland accused him of having played a major role in contributing to those losses, and to the mess in which the bank is floundering.