The ISDA declares Allied Irish Banks (AIB) has officially experienced a Restructuring Event. As...

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

The ISDA declares Allied Irish Banks (AIB) has officially experienced a Restructuring Event. As daily margin is required to be posted, the news shouldn't trigger much action in the CDS market. Default has been allowed, CDS sellers pay up, the world keeps turning. Shares +3.4% premarket.