Government nationalises Allied Irish Banks; High Court orders de-listing of Ireland’s former top bank from main markets of Irish and London stock exchanges
Dec 23rd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Government on Thursday secured a High Court order allowing it to inject an additional €3.7bn of State funds into Allied Irish Banks (AIB) from the National Pensions Reserve Fund in the latest rescue that effectively nationalises the bank that was founded in 1966. The court also ordered the de-listing of Ireland's former top bank from main markets of Irish and London stock exchanges.