ALLIED IRISH BANKS, which is facing majority state control, will have to pay a €160,000 bonus to an employee of its capital-markets unit after losing a court case.

AIB, which is seeking to raise as much €3 billion in a share sale in the fourth quarter, has hired UBS to help advise on the process, it has been reported.

INTERNATIONAL investors will be keeping a close eye on Ireland this week as plans to salvage the country’s banking system are revealed.

Bank customers got more than they bargained for when a Dublin cash machine started dispensing double the amount they had requested today.