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.

AIB effectively nationalised with €3.7bn injection
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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CourtsPositive ActionPlace: IrelandPerson: Finance MinisterPerson: Brian LenihanPerson: LenihanPerson: presidentPerson: Mary McAleesePerson: Minister for FinancePerson: Joan BurtonPerson: BurtonOrganisation: AIBOrganisation: Allied Irish bankOrganisation: High CourtOrganisation: Central BankOrganisation: National Asset Management AgencyOrganisation: NAMAOrganisation: National Pension Reserve FundOrganisation: European UnionOrganisation: International Monetary FundOrganisation: Banco SantanderOrganisation: IseqOrganisation: London Stock ExchangeOrganisation: Dublin High CourtOrganisation: Central Bank of Ireland
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