Wednesday August 5, 2020

Bank shares rally may be short-lived

It would be unwise to get too carried away in thinking that the Nama discount has helped the banks put their worst days behind them

19th September, 2009

Maybe this time it’s different. Investors who delighted in last week’s rally in AIB and Bank of Ireland shares, following the announcement of the National Asset Management Agency (Nama) discount, would do well to remember the last time - exactly 12 months ago - that a major intervention by the Irish government had sent their share prices soaring.

Last Thursday, as the markets digested the Nama details, AIB shares added 32 per...

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