Allied Irish Banks plc News

ONE of the country's best-known builders, Gerry Gannon, shared a pay pot of 783,135 with two other directors in 2009 as pre-tax losses at Gannon Homes soared.

On 24 May, Bank of England executive director for banking supervision Andrew Bailey said that the "myth" of free banking enjoyed by customers when not overdrawn made it hard to link costs to products and services received.

ALLIED Irish Banks will have to increase pay for hundreds of workers because senior executives received nearly 4m in secret bonuses allegedly designed to prevent them from abandoning the State-owned institution.

Modulo, a leading provider of IT Governance, Risk and Compliance solutions, today announced that Allied Irish Banks, p.l.c. has selected the Modulo Risk Manager platform to help them identify, remediate and prevent risks in their IT domain.

Allied Irish Banks returned to the debt markets yesterday for the first time since the crisis hit, raising E395m in bonds secured against UK mortgages.

The triple-A public debt offer is the bank's first such transaction without a state guarantee since March 2010.