AIB: guilty as charged

THE value of AIB rose by €164 million yesterday despite the publication of a damning report into how it overcharged thousands of customers.

It has also emerged that the Irish Financial Services Regulatory Authority (IFSRA) is investigating a cover-up at the bank.

IFSRA chief executive Liam O’Reilly said investigators were now examining how the overcharging of foreign exchange customers went unnoticed for eight years.