AIB had about 9,500 staff at the end of 2019. Most of the cuts will come from teams working on reducing the bank’s bad loans and “head office” type job.

AIB is not expecting to be hit with a fine from the Central Bank over its part in the tracker mortgage scandal until next year at the earliest, but it has put aside €35m for the eventuality.

Lucy O’Donoghue is the new manager of the Exxcel programme for proactive female entrepreneurs in the Rubicon Centre, CIT.

GALLANT PARNELL, purchased by current owners the C.C &M Syndicate from Listowel from John Flynn of Tarbert after he had been beaten two and a half lengths by Jerrys Beam in the final of the Derby Trial Stake at Charleville last season, started his campaign on a bright note when taking the Desmond Cup at Glin yesterday.