Allied Irish Banks, P.L.C. ADR(AIBYY)- OTCQB
AIBYY is defunct.
  • Jul. 12, 2011, 9:00 AM

    Premarket gainers: RADS +30%. CLNE +12%. NWS +4%.
    Losers: MCHP -9%. SOL -8%. AMSC -6%. INFY -6%. NVLS -5%. PSTI -4%. AIB -4%. ONNN -3%. LDK -3%. GPOR -3%.

    | Jul. 12, 2011, 9:00 AM
  • Jul. 7, 2011, 9:05 AM

    Premarket gainers: APAC +56%. MCZ +14%. OCZ +9%. RENN +8%. PMI +7%. TGT +6%. REDF +5%. DANG +5%. KSS +5%. MOBI +5%. STX +4%. BPAX +4%. GPL +4%. LTD +4%. ASML +4%. YOKU +3%. M +3%. STD +3%. SODA +3%. SINA +3%. NOK +3%. RDN +3%.
    Losers: AFFX -16%. LL -16%. FST -7%. YMI -6%. JCP -4%. AIB -3%.

    | Jul. 7, 2011, 9:05 AM
  • Jun. 16, 2011, 8:08 AM
    Barely noticed yesterday was Irish finmin Noonan's call for senior bondholders in Allied Irish Banks (AIB) to take their share of losses. The announcement was made ahead of a meeting with Tim Geithner - a champion of the "no bond losses ever" policy. "Noonan must be kidding," says a U.K. economist.
    | Jun. 16, 2011, 8:08 AM | 1 Comment
  • Jun. 15, 2011, 11:52 AM
    Irish Finance Minister Noonan adds to EU worries, saying his government will attempt to impose losses on about €3.5B of senior debt of Anglo Irish Banks (AIB). The euro continues to slide, -1.6% at $1.421, and U.S. stocks are following suit.
    | Jun. 15, 2011, 11:52 AM
  • Jun. 13, 2011, 8:25 AM

    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.

    | Jun. 13, 2011, 8:25 AM
  • Jun. 1, 2011, 10:07 AM
    On top of the sharp drop in its PMI (56 to 51.8), Ireland's unemployment rate edges up to 14.8% in May. Combined with rising inflation, this brings the country's misery index to its highest level since 1992.
    | Jun. 1, 2011, 10:07 AM
  • May 25, 2011, 7:18 AM

    Blackstone (BX) and Wells Fargo (WFC) take advantage of Allied Irish Banks' (AIB) need to raise capital by purchasing the lender's $1B U.S. loan portfolio at a discount. The sharks are also swimming around Anglo Irish Bank which is under pressure to unload its $10B U.S. book.

    | May 25, 2011, 7:18 AM
  • May 17, 2011, 1:32 PM
    A complete restructuring that establishes an integrated bank with three customer-facing units is sitting well with Allied Irish Banks (AIB +10.7%) shareholders. The bank is hopeful to have a new CEO by year's end. A move up today is taking some edge off a stock that has still lost 32% YTD.
    | May 17, 2011, 1:32 PM
  • May 11, 2011, 9:28 AM
    Allied Irish Bank (AIB) offers to buy back €3.7B of its subordinated debt at a 90% discount to par. Any bondholders who refuse those terms will get just a tiny fraction of that, says the bank. It's a sizable haircut for the juniors, but the senior debt owners remain 100% intact.
    | May 11, 2011, 9:28 AM
  • Apr. 21, 2011, 2:51 PM
    Keeping their eyes on sovereign bond markets, traders unload euros before the weekend. Greek, Irish, and Portuguese 2 year note yields all soar by about 100 basis points, Greek paper now at 23%, Ireland and Portugal about half that.
    | Apr. 21, 2011, 2:51 PM | 2 Comments
  • Apr. 19, 2011, 1:32 PM

    A new report, commissioned by the government, blames nearly all (and therefore no one) in Irish society for the property mania and subsequent crash. Nevertheless, Irish Finance Minister Noonan uses the occasion of the report to call for new bank boards and management.

    | Apr. 19, 2011, 1:32 PM | 1 Comment
  • Apr. 18, 2011, 7:38 AM

    Moody's downgrades the Irish banks, lowering its rating on Bank of Ireland (IRE) to Ba1 and Allied Irish Bank (AIB) to Ba2. Moody's cites the "reduction in the level of systemic support" for the banks' debt as rationale. Shares are showing little reaction, having fallen sharply last week.

    | Apr. 18, 2011, 7:38 AM
  • Apr. 15, 2011, 7:30 AM

    Moody's cuts Ireland's debt rating 2 levels to Baa3, one notch about junk status. Added to the usual reason of a country suffocated by debt, Moody's cites the likely series of policy hikes by the ECB as squeezing the Irish even more, given 70% of mortgages are variable rate.

    | Apr. 15, 2011, 7:30 AM | 1 Comment
  • Apr. 14, 2011, 10:54 AM
    Allied Irish Bank (AIB -3.3%) will offer to repurchase subordinated notes (of which it holds $3.8B), Finance Minister Noonan says, as the Irish government gets a court OK to amend the debt's terms. Bondholders that don't comply could be forced to accept losses, though the government doesn't plan to impose them on senior bondholders of the viable lenders, including IRE.
    | Apr. 14, 2011, 10:54 AM
  • Apr. 14, 2011, 9:56 AM
    Not out of the woods yet, Bank of Ireland (IRE -1.4%) may shape up as the strongest Irish lender should the country get to the other side of its current morass. The bank reports a net loss of €609M for 2010, about half of expectations.
    | Apr. 14, 2011, 9:56 AM
  • Apr. 12, 2011, 7:15 AM

    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.

    | Apr. 12, 2011, 7:15 AM | 1 Comment
Company Description
Currently, there's no company description for AIBYY.
Sector: Financial
Industry: Foreign Money Center Banks
Country: Ireland