Allied Irish Banks (AIB) reports a greater than expected €10.4B loss and announces the...

|About: Allied Irish Banks, P.L.... (AIBYY)|By:, SA News Editor

Allied Irish Banks (AIB) reports a greater than expected €10.4B loss and announces the elimination of 2K jobs as the lender continues to reel from the "collective madness" of the property bubble. There's little reaction premarket, the shares plummeting 10.3% yesterday in the U.S. ahead of the news.