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Bonus move sucks State ever deeper into Irish banking

Jon Ihle


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AIB chief executive Colin Hunt got the terms he needed from Paschal Donohoe. Photo: Gerry Mooney

AIB chief executive Colin Hunt got the terms he needed from Paschal Donohoe. Photo: Gerry Mooney

AIB chief executive Colin Hunt got the terms he needed from Paschal Donohoe. Photo: Gerry Mooney

It has been a busy two weeks in Irish banking – and inevitably the Minister for Finance was at the centre of the action.

Yesterday’s confirmation that AIB was buying Goodbody – the stockbroker it was forced to sell a decade ago at a deeply discounted price – was a routine conclusion to a superficially ordinary bit of corporate dealmaking. Bank buys stockbroker to diversify its income streams – so far, so normal.


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