Street with branch of AIB bank
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Allied Irish Banks in second bail-out of 3.7bn euros

The Irish High Court has granted the government permission to inject a further 3.7bn euros ($4.8bn; £3.1bn) into Allied Irish Banks (AIB).

AIB has already received 3.5bn euros of Irish taxpayers' money as part of a bail-out package agreed last year.

The deal will make it the fourth big lender to fall under state control.

The BBC's Mark Simpson reports.

  • 23 Dec 2010