Sunday May 31, 2020

Slowdown in property market prompts bank stock sell-off

With interest rates rising and predictions of falling house prices, shareholders are out of love with the banks.

9th June, 2007

With interest rates rising and predictions of falling house prices, shareholders are out of love with the banks.

Stock markets don’t do soft landings. Shares in the country’s main banks took a hammering last week as investors voted with their feet over fears that banks’ bottom lines would be major casualties of the increasingly fragile housing and mortgage markets.

It was a grim week for holders of AIB, Bank of...

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