AIB settles legal dispute with former senior executives

A legal dispute between AIB and several former senior executives whom the bank has accused of secretly scheming to take over its international financial services business has been settled, the Commercial Court heard yesterday.

AIB had claimed the executives, and a number of European based financial services companies unlawfully conspired with a rival business to take over the clients, business and staff of AIB's IFS business after the bank decided to sell the IFS business to another group, Capita.