Sorry to be getting back to you so late on that one, but yes, that is just speculation that the deposits will be moved to IRE, but nothing concrete at this point in time.
The pragmatic in me wants to think that IRE would be the receipient being as they are the strongest of the bunch of zombies at the moment.
The matter seems to be of little consequence either way to me at this juncture - more interesting will be to see if the Irish ratify the bailout proposal on Wednesday and of much greater importance, seeing how much of the 2.2B in Tier 1 capital they can raise from outside sources by February. I'm wishfully hopeful that IRE can avoid having to allow the govt to take over a 50% stake, totally remains to be seen. Its hard for me to believe how much investor confidence ( or is it just gambling money ) remains in AIB when they are 99% govt owned at this point.
Will be interesting to see what happens here come Wednesday, thats a given...
malc.
