Advertisement

Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Wednesday 8 February 2023 Dublin: 4°C

# AIB

Last month
January 2023
# Technical Difficulties
AIB says technical issue resolved after customers report difficulties accessing online banking
The bank had said some customers were “experiencing intermittent technical issues with our mobile app and internet banking”.
Last year
2022
Restoring bankers bonuses and removing pay caps an 'insult' to working families, Dáil hears
The decision was criticised by Social Democrats co-leader Róisín Shortall.
# AIB
AIB welcomes Donohoe's decision to sell 8% of State shares
Finance Minister Paschal Donohoe said that the State’s shareholding in AIB has been reduced from 62% to 57%.
# Bank Bailout
State to sell off further 8% stake in AIB, Donohoe announces
The State’s shareholding in AIB will reduce from 62% to 57%.
# Going Up
AIB announces 0.5% increase on new fixed mortgage rates
It follows a decision by the European Central Bank to raise its interest rates.
# AIB
AIB says scrapped plan to turn 70 branches cashless was a 'genuine' future-proofing effort
The bank is appearing before a Committee to ‘clearly explain’ its now scrapped decision to turn 70 branches into cashless outlets.
# smishing
'They were so convincing': RTÉ journalist details ‘very sophisticated’ scam that drained his savings
The fraudsters spoofed AIB phone numbers to make the scam appear legitimate.
# Sorry
AIB apologises to customers over binned cashless branch strategy
The bank contacted account holders across Ireland today to confirm that cash services won’t be withdrawn from 70 branches.
# Financial Abuse
Cash is crucial to victims of domestic abuse or coercive control, says Women's Aid
AIB this week said its plan to go cashless in 70 branches was a ‘mistake’.
# u-turn
'We got it wrong, we made a mistake': AIB not planning to return to cashless branch strategy
The bank was pushed to reverse its decision after widespread criticism from the public and politicians.
# cashless backtrack
TD calls for Oireachtas Committee to meet to 'establish who knew what and when' about AIB plans
It follows a report in the Irish Independent this morning that the Department of Finance knew about AIB’s plans in advance.
# Banking backtrack
Politicians declare victory for ‘people power’ after AIB u-turn on withdrawing cash services
After days of outcry, the bank said it wouldn’t be withdrawing cash services from 70 branches.
# AIB
AIB says it 'will not proceed' with plans to make 70 branches cashless in wake of massive backlash
The bank confirmed the news in a statement this afternoon.
The bank said it would not be proceeding with the move due to "customer and public unease".
The decision has been welcomed by Minister for Finance Paschal Donohoe and the Irish League of Credit Unions.
The statement came as three Rural Independent Group TDs demanded to speak with the bank's CEO at AIB HQ this morning.
AIB to appear before Finance Committee over decision to go cashless at 70 branches
AIB should 'reconsider' decision to make 70 branches cashless, says Taoiseach
# Finance committee
AIB to appear before Finance Committee over decision to go cashless at 70 branches
Fianna Fáil’s John McGuinness said that the provisional date for their appearance was 3 August.
# cashless banks
AIB should 'reconsider' decision to make 70 branches cashless, says Taoiseach
The branches will no longer offer cash or cheque services and if they have an ATM outside, it will be removed.
# bank changes
Leitrim club call for GAA to drop AIB as sponsors unless 'attack on small town Ireland' is reversed
The bank yesterday announced plans to go entirely cashless at 70 of its branches around the country later this year.
# Cashless
AIB set to remove cash and cheque services from 70 branches starting in September
36 branches will change on 30 September while the remaining 34 will change on 21 October.
# Central Bank
AIB and EBS hit with fines totalling almost €100 million over tracker mortgage scandal
AIB received a record fine of €83.3 million while EBS received a fine of €13.4 million.
# Ulster Bank
Ulster Bank to sell €6 billion mortgage portfolio to AIB
Ulster Bank and KBC are both in the process of exiting the Irish market.
# The Banks
Competition authority launches full probe into Permanent TSB's €7.6 billion Ulster Bank deal
The investigation will determine whether the proposed acquisition could lead to a substantial lessening of competition in the State.
# The Banks
Flurry of announcements caps off noteworthy week for Irish banks and their customers
Stakeholders say the industry is staring down the barrel of one of the biggest logistical challenges in its history.
# Green Light
AIB cleared to acquire €4.2 billion Ulster Bank loan porfolio
Ulster Bank is set to withdraw all of its banking services from Ireland.
THE MORNING LEAD
Banks 'ill-prepared for the biggest logistical challenge in Irish banking since the euro'
A report by
Ian Curran
Concerns have been raised that the exits of Ulster Bank and KBC Bank could be “the perfect storm” for the remaining banks.
Concerns have been raised that the exits of Ulster Bank and KBC Bank could be "the perfect storm" for the remaining banks.
Over one million customers will have to choose a new provider and switch over their current accounts.
But the Financial Services Union believes significant customer service issues are likely to arise, Ian Curran reports.
Is your bank exiting the market? Take action soon, experts say. Here's what you need to know
# Banking
AIB returns to profit as discussions underway to buy back some State shares
The bank will pay out €213 million to shareholders, including the State.
All time
# Business
Competition watchdog to fully investigate AIB and Ulster Bank loan book deal
The CPCC has decided to investigate whether the deal could substantially lessen competition in Ireland
# The Banks
State to sell 15% chunk of its AIB stake over the next six months, Donohoe announces
The plan is similar to the one used by the Government to sell part of its remaining bailout-era stake in Bank of Ireland.
# Funeral
Sean FitzPatrick remembered by family as a ‘giant of a man’
The former chief executive and chairman of Anglo Irish Bank died at the age of 73 last Monday after a short illness.
# Sean FitzPatrick
Anglo's collapse has had an outsized impact on Irish life and so will Seán FitzPatrick's legacy
The former chairman of the collapsed bank never felt he had anything to apologise for.
# Courts
College student accused of having €22k in money stolen during smishing attacks on AIB customers
Akeen Olojuwon Ahmed appeared at Dublin District Court today.
# The Banks
Ireland's bank network 'is being destroyed' says FSU after AIB announces 15 branch closures
AIB cited the “unrelenting shift” to digital banking as one of the reasons for the branch cull.
# Banking
AIB to take on €4.2 billion worth of Ulster Bank's corporate and commercial loan book
The move will see 280 Ulster Bank employees move over to AIB as part of the deal.
# The Banks
'Lingering resentment': Public trust in Irish banks remains low after 2008
But trust levels have improved substantially among younger customers since the crash.
# The Banks
Ulster Bank topped the Financial Ombudsman's complaints table in 2020 for the second year in a row
The watchdog also received 492 new complaints about tracker mortgages in 2020.
# The Banks
'A landmark deal': AIB agrees to buy stockbrokers Goodbody for €138 million
The bank says the move will diversify its revenue streams and address gaps in its customer offerings.
# fraudsters
Four in five people were targeted by banking fraud last year in Ireland
In the last year, fraud losses on credit and debit cards amounted to 22 million.
# Ulster Bank
Ulster says go: Bank's decision to exit was in the wind — but why is it happening now?
Ulster Bank’s long goodbye creates major headaches for policymakers.
# The Banks
Irish banks want to take on Revolut together — but why has the competition watchdog 'rejected' them?
Why has it taken so long for Irish banks to address competition from fresh-faced fintech companies?
# Fraud
AIB customers hit by increase in 'smishing' fraud attacks
Gardaí are warning bank users not to click fraudulent links in texts or give away personal details.
# AIB
AIB to cut 1,500 jobs and merge branches in bid to save costs
The bank said it aims to achieve over 10% reduction in costs by 2023.
# Nervous times
Pace of recovery in Irish manufacturing slips as spike in Covid-19 cases 'rattles' business sentiment in August
Recent lockdowns in Kildare and the midlands weighed heavily on the data.