Just heard what I thought I'd never hear regarding AIB and BOI in merger talks. Apparently Govt. prompted. Can't believe it myself was wondering did anyone else here anything.
A source in one of the banks (can obviously say no more than that). I find it very hard to believe on one side of the argument (competition etc) but I can on the other (Govt. worried about the current scenario occuring again and balance sheets not withstanding it).
It would certain become true to talk of the Bank of Ireland, as it would be the only one! Who could compete with such a behemoth? I can't see it myself, but then there's been a lot of government action on both sides of the pond I haven't seen coming!