LittleGuy

Ireland's Ailing Banking Sector

Agreed, Georealist.

Carl took a blind and erroneous hit on AIB on his last piece. We asked for clarification then and never received it.

I hope you have better luck in holding him acountable.

Ireland Imposes Some Discipline, Reaches Pay Freeze Deal

I guess Carl is too busy making money on AIB to clarify.

Ireland Imposes Some Discipline, Reaches Pay Freeze Deal

Allied Irish Banks chairman opens wallet
Fri 19 Sep 2008

LONDON (SHARECAST) - Dermot Gleeson, chairman of Allied Irish Banks, continued lifting his stake in the bank today, splashing out more than €300,000 on shares in the company.

He bought 50,000 at €6.25 a time and now has 350,000 shares. He bought identical stakes yesterday and the day before, but paid €5.73 a share Thursday and €6.47 midweek.

Allied Irish Bank has been deeply embroiled in the turmoil that shook up the global banking sector this week following the collapse of the US investment bank Lehman Brothers.

Its share price is down by more than 20% on the week, having slumped by about 65% in the past year.

Back in May, the bank said first half earnings would fall as it felt the pinch of bad debts and global market dislocation.

Ireland Imposes Some Discipline, Reaches Pay Freeze Deal

"though the fate of Irish Allied Bank (AIB) is of the utmost concern."

Not sure how this relates to the article? Are you certain that AIB (ALBK up 31% overnight on LON) is the symbol you are referring to?