Allied Irish Banks, P.L.C. ADR(AIBYY)- OTCQB
AIBYY is defunct.
  • Mar. 24, 2011, 9:34 AM
    Defying expectations for an increase, Irish GDP falls 1.6% in Q4, bringing to a close a 3rd consecutive year of economic contraction. Irish shares rise along with the rest of Europe, +1.1%.
    | Mar. 24, 2011, 9:34 AM | 1 Comment
  • Mar. 22, 2011, 2:51 PM
    Authorities are hopeful new stress tests on Irish banks can finally identify the total amount of losses those institutions face. The fear is banking losses have accelerated since the bailout, meaning even more funds will be necessary to pour into the banks.
    | Mar. 22, 2011, 2:51 PM | 1 Comment
  • Mar. 22, 2011, 10:05 AM
    The NTMA denies rumors Ireland has missed a coupon payment on its debt. Nevertheles, 2 year note yields remain sharply higher, pushing the focus instead to Ireland's troubled banks: AIB -1.8%. IRE -0.8%. The euro is well off earlier levels, now at $1.419.
    | Mar. 22, 2011, 10:05 AM
  • Mar. 15, 2011, 1:52 PM
    PM Enda Kenny threatens to withhold further state funding from Ireland's banks until the EU makes senior bondholders share the losses with the Irish people. Kenny also pledges not to yield to Germany and France's demand that the Irish corporate tax rate be raised.
    | Mar. 15, 2011, 1:52 PM | 2 Comments
  • Mar. 11, 2011, 12:25 PM
    With the interbank markets closed to them, Irish banks remain dependent on the ECB for funding, borrowing €117B in February. Ireland's central bank also helped out, essentially "creating" €70B to lend over the past few months. Can such amounts ever be paid back? IRE -2.1%. AIB +0.6%.
    | Mar. 11, 2011, 12:25 PM | 1 Comment
  • Mar. 2, 2011, 1:39 PM

    The Central Bank of Ireland releases figures showing the amount owed by Irish lenders, broken down by institution and by type of debt. Column 3 - senior bonds, unguaranteed/unsecured - could be where the action is if haircuts come into play.

    | Mar. 2, 2011, 1:39 PM
  • Feb. 28, 2011, 9:00 AM

    Premarket gainers: MRX +18%. JKS +10%. DPTR +6%. GLUU +6%. BRD +5%. SOLR +4%. POT +4%. ICO +3%. ERIC +3%. BRK +3%. CTIC +3%. LVLT +3%. AIB +3%. OVTI +3%. SI +3%. SYT +3%.
    Losers: HBC -5%. STX -3%. NBG -3%.

    | Feb. 28, 2011, 9:00 AM
  • Feb. 25, 2011, 9:05 AM

    Premarket gainers: OVTI +19%. XIN +14%. IPG +10%. CRM +9%. SD +9%. RDC +7%. AIB +6%. OCLR +5%. AGQ +5%. CROX +5%. DECK +5%. DPTR +4%. CTIC +4%. BA +4%. FFIV +4%. CBOE +3%. WFC +3%. JDSU +3%. SLV +3%. VALE +3%. TTM +3%. LDK +3%. ALU +3%. GMXR +3%. JCP +3%.
    Losers: MDAS -29%. PLX -27%. NTRI -26%. NAK -12%. LLNW -6%. BQI -7%. SRV -5%. LYG -4%. GSS -3%. NBG -3%.

    | Feb. 25, 2011, 9:05 AM
  • Feb. 17, 2011, 11:18 AM

    “What you have here is ... money printing,” says Cathal O’Leary of NCB describing a maneuver in which Irish banks issued €17B of bonds to themselves last month. These "own-used" bonds are then used as collateral to draw funds from the ECB. What's the ETF for gold again?

    | Feb. 17, 2011, 11:18 AM | 2 Comments
  • Feb. 17, 2011, 10:21 AM
    BNP Paribas asks whether the failure of a small Danish bank could "be the butterfly that starts a hurricane." If current valuation stands, senior bondholders of Amagerbanken could face a 41% haircut. The soon-to-be leaders of Ireland, making their own noises about burden sharing, will be watching closely.
    | Feb. 17, 2011, 10:21 AM
  • Feb. 14, 2011, 3:24 PM
    The EU blinks first. Olli Rehn, the man in charge of administering Ireland's bailout, says there is "room for maneuver" in the €85B rescue package. At a minimum, it appears Ireland will request a reduction in the interest rate from its current level of 5.8%.
    | Feb. 14, 2011, 3:24 PM | 1 Comment
  • Feb. 11, 2011, 5:39 PM
    EU finance ministers will discuss Irish complaints that the bailout is too burdensome. The next Irish government may use the leverage of reneging on the plan to extract a better deal. Massive losses reported by Anglo Irish Bank earlier this week call into question whether the rescue is even big enough.
    | Feb. 11, 2011, 5:39 PM | 1 Comment
  • Feb. 11, 2011, 10:02 AM

    With continued state support called into question, Moody's downgrades the Irish banks. Previously barely investment grade, Bank of Ireland (IRE +1.8%) is now junk status at Ba1. Allied Irish Bank (AIB +2.2%), already junk, is now bigger junk at Ba2.

    | Feb. 11, 2011, 10:02 AM | 2 Comments
  • Feb. 9, 2011, 3:07 PM
    The Finance Ministry halts capital injections into Allied Irish Bank (AIB -4.2%) and Bank of Ireland (IRE -3.0%) until after the February 25 elections. A spokesman for the next likely governing party says, "not an extra penny should be given to the banks until certain classes of bondholders share in the cost."
    | Feb. 9, 2011, 3:07 PM | 2 Comments
  • Feb. 9, 2011, 9:00 AM

    Premarket gainers: PLAB +15%. ATML +7%. JOE +7%. TTWO +7%.
    Losers: SMSI -35%. SWIR -24%. MOTR -18%. ZLCS -6%. MICC -6%. FNMA -5%. AIB -4%.

    | Feb. 9, 2011, 9:00 AM
  • Feb. 8, 2011, 2:04 PM
    State-owned Anglo Irish Bank expects a 2010 loss of €17.6B, the third largest amount in Irish corporate history. The bank lost 59% of its deposits last year, forcing it to rely on government and central bank funding. Anglo's CEO expects total losses in the Irish banking system to eventually reach €100B.
    | Feb. 8, 2011, 2:04 PM
Company Description
Currently, there's no company description for AIBYY.
Sector: Financial
Industry: Foreign Money Center Banks
Country: Ireland