Rescue plan does not save bank share prices
It may have slipped a little from public view, but the markets lack confidence in the €7 billion plan for AIB and Bank of Ireland, writes David Clerkin, Markets Correspondent.
Last week’s overwhelming focus on Anglo Irish Bank and its golden circle meant a significant development affecting the Irish banking industry went largely unnoticed: the markets gave a resounding vote of no confidence in the €7 billion recapitalisation of AIB and Bank of Ireland.
The share prices of both banks suffered as investors delivered a negative response to hopes that the recapitalisation would steady their ships and provide an adequate buffer against future...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published