I think even upping their interest rate (not illegal) has to be OKed by the Regulator
That’s different: the regulator has to give consent for charges. The purchase of Goodbodys is outside the remit oof the regulator.
But seeing as the state owns AIB, the minister for finance, as shareholder could stop this if he thinks it’s a bad idea.
By not objecting to this plan he is essentially giving it his tacit approval.
Which is why it needs to be raised as a political issue. If this goes ahead it will be a travesty and make a mockery of our political system.