State set to choose AIB strategic advisers

The Department of Finance is preparing to pick banking advisers next week, as it weighs how to recoup a €21bn taxpayer bailout of AIB.

The department will choose from a panel of 11 potential advisers, including Citigroup, Goldman Sachs, Deutsche Bank and UBS.

The Government chose the panel last year to provide future capital market, strategic and restructuring advice on state-owned banks.