Members of the Irish Bank Officials' Association (IBOA) working in AIB's IT division have voted to accept outsourcing proposals.

TURN on the radio or pick up a newspaper and you might just notice that there is an inquiry tasked with finding out why this State was nearly destroyed by its banks. It is in this context that I ask the question: why are Bank of Ireland (BOI) and Allied Irish Bank (AIB) running banks in our schools?

The former head of Allied Irish Banks has claimed it was unjustifiable for him to take home millionaire pay packets in the years before the bank needed a €21bn taxpayer bailout.

Former Allied Irish Bank chairman Dermot Gleeson has apologised again for his role in country's economic collapse.

The new chief executive of AIB will have to be ratified by the Single Supervisory Mechanism (SSM) in Frankfurt.

AIB has announced that CEO David Duffy is to step down.

Finance Minister Michael Noonan said today that he has no role in making decisions about the workforce in AIB.

The Government has picked Goldman Sachs to advise on how to recoup a €21bn taxpayer bailout of AIB.

Allied Irish Banks (AIB) has announced a return to profitability with a €1.3bn turnaround in its business.

Stockbrokers Merrion Capital is convinced there is a resurgence in AIB, with analyst Ciaran Callaghan issuing a note entitled ‘Phoenix rising from the ashes’.

International credit rating agency Standard & Poor’s has warned it may lower its mid-range ‘BB/B’ rating on AIB later this year, saying its outlook for the bank remains “negative”.

AIB faces a number of challenges over the next few years if it is to once again become a normal functioning bank that is able to transmit credit to the wider economy. It is by no means certain that this is possible, but the latest set of results show it is moving in the right direction.

State-owned AIB made a post provision loss of €758m for the first half of this year, which is down from €1,054m for the same period last year.