Banking share issues not an attractive option for investors

Investing institutions are unlikely to show much appetite for share issues being planned by the major banking groups, according to sources in a number of major fund management groups

10th January, 2009

Investing institutions are unlikely to show much appetite for share issues being planned by the major banking groups, according to sources in a number of major fund management groups. This is unless there is much greater confidence in the banks’ estimates of likely bad debts resulting from property write-offs.

Bank of Ireland and AIB have both said that they would consider fundraising of about €1billion, in addition to €2.5 billion in state preference shares....

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