Government and AIB agree on new management

THE musical chairs in and around Allied Irish Banks became clearer yesterday after it and the Government reached agreement on its new management appointees.

This will be a temporary arrangement subject to the outcome of a European restructuring plan and its engagement with NAMA, which are due to be completed by the middle of next year.

The changes at AIB had already been leaked. However, the finer details became clearer with almost identical announcements from Taoiseach Brian Cowen and the bank.