Tag Archives: AIB

Anyone?

SEPA?

Update:

Anon writes:

My girlfriend is Payroll manager in a large Irish company. They had their first run last week with SEPA. Nobody got paid because Ulster Bank f**ed up, despite numerous test runs and assurances of everything being groovy. They decided to hold funds for checking. Completely their fault, but some chance of getting them to admit it. Took most of the morning to sort out by escalating up the chain. People did eventually get paid by the end of the day.

 

aib banklink machine 1.jpg

Are you experiencing ‘issues’?

Ciara writes;

Just an FYI to all readers. AIB are having serious computer problems where [some] ATMs are not dispensing money to users yet the money is taken from their account…[some] Customers are also not able to use their debit/laser cards in stores….

Anyone?

Update:

An AIB spokeswoman writes:

AIB experienced some issues with AIB Debit Cards earlier today and this has now been resolved. AIB apologises to customers for any inconvenience caused.

.

The spokeswoman adds that NO customer will be out of pocket as a result and the problem was caused by a “third party provider”.

yates

“AIB Boss, David Duffy got a grilling today from TDs in the Oireachtas Committe on Finance. He will be followed tomorrow and later in the week by bosses from Bank of Ireland, Ulster Bank and Permanent TSB. Tonight, we’ll be asking if banks are doing enough to tackle Ireland’s mortage arrears problems. We’ll also look ahead to the new Personal Insolvency Arrangement due to begin next week. Will they work for debtors, or will the banks still hold the balance of power?

Before we start, I’d just like to say, given the particular topic we’re covering, I feel I should bring something to the attention of viewers. Many of you will be aware that I have had a personal history with AIB, arising out of my recent bankruptcy. I have declared strong views about my relatiionship with AIB which have featured in the media recently. I wish to make it absolutely clear that these views will in no way prohibit me from presenting tonight’s show in a fair, objective and impartial manner, as required by The Code of Broadcasting Authority of Ireland and TV3’s editorial policy. I want to assure viewers that my own views will not impede me from carrying out a fair and balanced debate on the issue.”

Ivan Yates, guest presenting on Tonight With Vincent Browne last night.

Awkward enough, in fairness.

Previously: “Arrogant Inhuman Bastards”

90309267 ( Richie ‘800k+’ Boucher, CEO of Bank of Ireland speaking with RTE’s Emma McNamara today.)

What Goes Up writes:

Bank of Ireland announced new losses today. Yesterday AIB announced losses for the year-to-date: Both banks’ CEOs have stated that part of the reason for the losses is the provisions they have to make against loans going bad i.e. people not paying their debts.

And with that Orwellian twist, it now transpires that the very people who have bailed out the banks with €64 Billion are the reason for the banks continuing poor performance.

The fact that both banks are the very definition of zombie banks (and will continue to be for another 5 years) does not appear to be a significant factor to either “gentleman”.

 

Eating Their Lunches Drinking Their Shakes (Japlandic.com)

Bank of Ireland yearly Losses Narrow (RTE)

(Mark Stedman/Photocall Ireland

ad

A telly ad applauding the 350,000 mugs people who have downloaded the AIB app.

Made entirely with an iPhone 5!

The ad was shot entirely with an iPhone 5. “It was a big decision to shoot the ads on the iPhone. But once we did some preliminary tests, we knew that they were able to deliver high quality footage,” Damian Hanley, creative director at Irish ad agency Rothco, the creator of the ad.

 

Damn hipster spendthrifts.

Music; Delorentos ‘Petardu’.

This TV AD Was Shot On An iPhone (Mashable)

Thanks Owen Derby

Screen Shot 2013-04-14 at 00.16.35

Earlier this month, trading analyst Reggie Middleton (top) presented evidence on his blog of an anomaly/fraud at AIB which he predicts may cause a Cyprus-style swoop on the bank’s depositors.

This week, Reggie went on Max Keiser’s RT show to expand on the “nature of the fraud” and warned of even more dire consequences it may have for the Irish economy.

Sleep well.

Previously: AIB And ‘Fraud Of The Highest Order’

Thanks Wayne Murphy

aib_logo

This bank [AIB], which is still trading in the US/Ireland and is still accepting deposits and making loans, appears to have some pretty fishy underpinnings.

 

So begins a an alarming if somewhat baffling blog post by Trading analyst Reggie Middleton posted on Monday night.

In which he claims AIB is falsifying it’s true value through the misuse of one word.

And may be the next bank to be “Cyprus’d”.

Vincent Lebraun explains:

The trouble with this high-level fraud is that it’s so “out-there” that people won’t be able to understand how serious this is.

In the charge document registered with the Irish Company Registration Office, it says that it is in respect of “all present and future liabilities whatsoever” of AIB.

And the charge itself is over “eligible securities”.

However, in AIB’s 2008 annual accounts and the files to the U.S. Securities & Exchange Commission, document 20F (page 223 – 2), it states that the charge was placed in favour of the Central Bank and Financial Services Authority of Ireland over all of AIB’s ‘right, title, interest and benefit present and future in and to certain segregated securities.’

Using the description ‘certain segregated securities’ is completely different to the description all ‘eligible securities.’
This is fraud of the highest order, and it’s so simple (yet so complicated) that they were hoping no-one would notice.

And we don’t have to take this guy’s word for it: he has both documents posted on his site (although he initially posted an Anglo document but has since rectified it and posted the AIB one)…

Anyone?

Are You About To Get Cyprus’d in Ireland? When A Single Word’s Worth Billions Of Euros…(Reggie Middleton, Boombustblog)