MINISTER for Finance Michael Noonan has secured a High Court order permitting an injection of €2.7 billion in public funds into Irish Life & Permanent by July 31.

ALLIED Irish Banks has secured a court ruling aimed at guarding against legal challenges in other EU states to the bank’s decision not to make a £21 million coupon payment to junior bondholders.

AIB has secured an interim High Court order which may let it avoid making a £21 million (€23.7m) payment to junior bondholders.