AllFirst: Crunch talks continue

The boards of AIB and its US subsidiary AllFirst will be back in session at the bank's Dublin headquarters this morning for day two of discussions on the $700m Rusnak affair.

Yesterday's meeting went on for 14 hours at AIB's Ballsbridge headquarters.

Afterwards, there was no comment on the contents of top US banker Eugene Ludwig's report into how the alleged fraud went unnoticed for so long.

AIB chief Michael Buckley remains the focus of attention, with the outcome of these meetings likely to have a major bearing on his future.