One of the top investment banks in the world has said Bank of Ireland will not return to profit until 2015 and that the bank's stock remained overpriced and high risk.
New research by Citi ahead of Bank of Ireland's interim management statement later this month said the bank's medium-term targets were "too ambitious" and its capital position could become problematic as new rules on reserves came into effect next year.
Citi reiterated its price target...
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