Wednesday July 8, 2020

Extra pain for those investing in Irish banks

Bank of Ireland and Anglo Irish Bank were the main Irish casualties in last week’s fallout from Bradford & Bingley becoming the latest British mortgage lender to incur the wrath of investors.

7th June, 2008

Bank of Ireland and Anglo Irish Bank were the main Irish casualties in last week’s fallout from Bradford & Bingley becoming the latest British mortgage lender to incur the wrath of investors.

The banks’ share prices plunged 7 per cent in trading on the London market last Monday, when the Irish exchange was closed.

Bradford & Bingley stunned investors by announcing major revisions to a planned rights issue and the emergency sale of...

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