Friday August 7, 2020

Back to panic mode for bank shares

As AIB and Bank of Ireland lose 40 per cent of their value in days, investors who were swept along in the post-Nama glow are left with even lighter wallets

31st October, 2009

Those who had failed to take profits from the bank share price rally that followed the announcement of the National Asset Management Agency (Nama) discounts just six weeks ago were left cursing their luck - and their judgment - last week.

Shares in AIB and Bank of Ireland re-entered panic mode as - once again - the euphoria that followed a government intervention in the banking market drifted away and investors chose to focus on...

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