Allied Irish Banks is set to win European Commission approval for a restructuring plan tied to its €21 billion taxpayer rescue, according to two people with knowledge of the matter.

AIB’s detailed stress test figures may be a “significant blow” to the lender’s efforts to raise capital, NCB Stockbrokers said.

THE cash-rich Co Kerry-based financial services company FEXCO is on the cusp of buying Goodbody Stockbrokers from Allied Irish Bank.

A former currency trader accused of hiding €700m in losses at the Allfirst bank in the US today pleaded guilty to one of the largest bank fraud cases in US history.