20/12/2011 (Agence Europe) - Commission approves second Bank of Ireland restructuring. On Tuesday 20 December, the European Commission found the second restructuring plan of Bank of Ireland (BoI) to be in line with EU state aid rules. In particular, the restructuring plan contains a major restructuring effort ensuring that BoI will refocus its business model and will considerably reduce its dependence on wholesale funding. “The plan ensures a sustainable future for the bank without...