THE shortlist for AIB's next chief executive has been whittled down to former HSBC North America chief Brendan McDonagh, and former ING Barings executive David Duffy. The news comes days after AIB executive chairman David Hodgkinson confirmed that the final candidates had been interviewed by the bank's board and the Central Bank. No candidate has yet begun the Central Bank's 'fitness and probity' tests, but it is understood that this process could take just a week.
€175m offer made to Blackrock clinic
THE upmarket Blackrock Clinic has attracted an offer of €175m from an international consortium including Barclays Bank, Moor Park Capital Partners and Emerald Health Care Capital. Shareholders in the clinic include orthopaedic surgeon Jimmy Sheehan and his brother Joe, nuclear medicine specialist Dr George Duffy, developer John Flynn and beef baron Larry Goodman.
Rabbitte announces media-merger role
THE Department of Communications will soon assume sole responsibility for media mergers, Communications Minister Pat Rabbitte revealed last night. The minister said the convergence of various forms of media "makes a very strong argument for a single arm of government to be responsible for supervision".