The largesse bestowed by the banks on some property developers during the boom years included trips to the Ryder Cup in Kentucky, to the Prix de l’Arc de Triomphe, and the Monaco Grand Prix.

AIB does not have a chief executive, yet last night announced the blueprint for its new banking structure that reduces its two coredivisions serving Ireland and Britain.

GOODBODY Stockbrokers laid off 25 staff yesterday on the first full day of ownership by Fexco.

THE €24 million sale of Allied Irish Bank’s stockbroking unit, Goodbody Holdings Ltd, is expected to be completed in the coming weeks after the Central Bank approved the transaction.

STRUGGLING Allied Irish Bank is set to dole out almost €40 million in bonuses this month despite being on the brink of another bailout from the Government.

FEXCO is to purchase AIB’s stockbroking arm, Goodbody, for €24 million in an intricate deal which will see senior management at the brokerage get a 25% stake in the firm and as many as 55 staff lose their jobs.

ALLIED Irish Banks have been outed as one of more than 400 companies who still own executive seats at the home of Manchester United, Old Trafford.

AIB has announced some management changes aimed at rebuilding the bank’s credit and risk infrastructure.

AIB's Public Interest Director Dick Spring has said Colm Doherty emerged as the best candidate for

AIB Capital Markets has raised €200 million in equity from investors for its Polonia Property Fund.

JOE O’Reilly claimed his wife Rachel was reported to social services over her behaviour towards the couple’s two young sons in the months before she was murdered.

ERUDITE jester John Cleese, of Fawlty Towers and Monty Python fame, entertained key players in the Irish business and media worlds at the Thomas Crosbie Holdings (TCH) annual dinner in the company’s flagship headquarters on Cork’s South Mall last night.

AIB Capital Markets (ABICM) has announced that it will raise €100m to €150m to buy property in Poland.

AIB Capital Markets has announced that its Polonia Property Fund Limited Partnership recently acquired a new warehouse property, Warsaw Distribution Centre (WDC).

ADVISERS to Aer Lingus are in for a windfall after the Government triggered the airline’s stock market listing yesterday.

INVESTMENT bankers and legal advisers are set to earn close to €10 million in fees from the flotation of Aer Lingus, senior Dublin investment sources said yesterday.

THE part privatisation of Aer Lingus will be discussed at Cabinet again today as the Government receives the semi-State company’s annual report.

AIB has reported record annual profits for an Irish bank of €1.7 billion, as loan growth and lower tax charges outstripped cost increases.

IT was the proverbial elephant in the room for long enough in the Irish economic context.

STRONG demand is pushing the price of houses higher than expected, according to a major new study by AIB.

DCC have appointed two new non-executive directors.

AIB Capital Markets has announced that its Polonia Property Fund has acquired a second regional office building in Poland.

AIB made pre-tax profits of €851 million for the first six months of 2005 against €706m in the same period last year.

Ulster Bank has appointed Robert Gallagher as chief executive of the Bank's Corporate & Financial Markets (CBFM) with responsibility for Northern Ireland and Republic of Ireland.

THE four executive directors of AIB received a 21% hike in salaries and bonuses last year to over €4 million, according to the bank’s annual report for 2004, which was sent to shareholders yesterday.

THE four executive directors of AIB received a 21% hike in salaries and bonuses last year to over €4 million, according to the bank’s annual report for 2004.

COUNTY LONGFORD based C&D Foods has purchased Primetime Petfoods in a further move to expand its solid pet food base.

SCANDAL-WRACKED AIB Group hit back yesterday with a strong set of earnings figures to silence its detractors.

PRESSURE is mounting on the three top figures in AIB to appear before a Dáil committee investigating the financial scandals that have gripped the country’s biggest bank.

Neil Hughes has been appointed as a Director of IBI Corporate Finance.

SOLID prospects for the economy over the next two years have been forecast by AIB chief economist John Beggs.

MICHAEL BUCKLEY, the Corkman who heads AIB, saw a massive 48% rise in his pay packet in 2003 to almost €1.4 million, the bank’s annual report reveals.

Allied Irish Bank is to sell the management contracts of Govett, its British asset management business, to Gartmore Investment Management for approximately €20m.

THE euro has started the week trading just below $1.18 against the dollar and Stg0.71p against sterling with activity limited due to holidays in Japan and the United States.

PRICES at the petrol pumps could soar to €1 a litre in the months ahead, a top economist has warned.