News: Allied Irish Banks

Billionaire property expert and poker pro Achilleas Kallakis was charged with £61 million in commercial mortgage fraud yesterday, March 1, 2010. He defrauded the Allied Irish Bank (AIB) and the Bank of Scotland. The poker player was able to amass himself a large number of properties he oversaw by taking out loans from the two banks...

About Allied Irish Banks P L C (aib.ie): Bank holding company with subsidiaries which perform commercial banking operations, international banking, leasing, insurance, mortgage banking, investment advisory, and investment banking services.

Amongst today’s losers, Irish financial stocks led the way. Slightly after halftime, Allied Irish Banks (AIB) is down 35 cents or 9.10% to 3.44. Bank of Ireland (IRE) is down 49 cents or 6.09% to 7.56. However, there is still some hope in Ireland.

Allied Irish Banks intends to participate in the National Asset Management Agency (NAMA) bank asset acquisition programme in Ireland. Under the NAMA Programme, NAMA will acquire eligible bank assets from AIB, which will include performing and non-performing loans.

The second person to die from swine flu in Ireland was an Allied Irish Bank (AIB) employee who had no underlying medical condition before catching the H1N1 virus....

Allied Irish Bank offers many options when it comes to online banking, the question is are you really secure with you bank on the internet with AIB?

AIB Group (Allied Irish Bank) has extended its trademark processing contract with ABN AMRO till 2012. ABN AMRO is a provider of software solutions and services to financial organizations.

Check out these two dividend-paying stocks we profiled today.