Financial Times FT.com

AIB shareholders fail to see the yolk on recapitalisation

By John Murray Brown in Dublin

Published: May 13 2009 20:08 | Last updated: May 13 2009 20:08

The chief executive of Allied Irish Banks narrowly missed being hit by eggs thrown by an angry investor at Wednesday’s shareholders’ meeting to approve a €3.5bn (£3.2bn) recapitalisation by the Dublin government.

The incident highlights the frustration of ordinary bank shareholders who have seen their investments plummet 90 per cent in the past year, with many expressing concerns they could lose everything if the bank is now nationalised as loan losses mount and the property slump worsens.

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