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Irish Banks Drop Plans for Joint IT Outsourcing Venture

ORGANIZATION AND MANAGEMENT

DUBLIN—Allied Irish Banks (AIB) and the Bank of Ireland announced last week that they have dropped plans to create a joint company to provide themselves and others with outsourced IT infrastructure services, only two months after announcing the plan.

The two institutions blame the collapse on delays and disruption that would result from an investigation of whether the deal is anti-competitive by the Irish government, rather than an immediate ruling by the European Commission. “A second

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