AIB effectively nationalised with €3.7bn injection

Allied Irish Bank was effectively nationalised today after the Government got the green light to pump in another €3.7bn of taxpayers’ money.

Thu, 23 Dec, 2010 - 13:25

Allied Irish Bank was effectively nationalised today after the Government got the green light to pump in another €3.7bn of taxpayers’ money.

The High Court signed off on the massive cash boost lined up by Finance Minister Brian Lenihan under tough new banking laws imposed this week.

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