New AIB boss expresses 'deep regret' for crisis

The new executive chairman of AIB is expressing deep regret to shareholders for the crisis facing the bank.

David Hodgkinson told an AIB EGM today that the bank was undergoing significant change and that while the problems are difficult, they can be overcome.

He also admitted the value per share in the bank is unlikely to ever get back to its high of €23.

The Executive Chairman says he wants to restore AIB to a leading force as both a business and an employer: