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Banking, finance, and taxes

Allied Irish Banks Loses Two Directors (AIB, MTB)

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By Jon C. Ogg Updated Published

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It is almost routine now that Allied Irish Banks plc (NYSE: AIB) trades lower.  Whether it is ongoing fears about Ireland as a whole or whether it is a fear that the bank will have to raise even more cash, fears over whether it will ultimately implode, and/or face nationalization, there is some new information to digest in the form of management changes.  Robert G. Wilmers and Kieran Crowley have both tendered their resignations from the board of directors.

Wilmers will resign with immediate effect, while Crowley will resign on October 13.  Kieran Crowly is a consultant and consultant and founder of Crowley Services Dublin Ltd..  Robert Wilmers, 75, is Chairman and Chief Executive Officer of M&T Bank Corporation (NYSE: MTB).

The news has had no real impact here on Allied Irish Banks’ shares.  The stock is up 0.75% at $1.36 on above average volume of 4.16 million shares.

JON C. OGG

Contact [email protected] for any questions or corrections.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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