Bank investors burn as political controversy rages
The state remains a key player in the Irish financial sector
Irish bank shareholders are caught in a political crossfire.
At least, that’s according to Davy Stockbrokers. Rows over loan sales and whether lenders should pay more tax have helped push AIB Group down 11.5 per cent since the middle of February, making it the worst performer in the Stoxx 600 Banks Index, which has dropped 2.7 per cent over the same period. Bank of Ireland has fallen 6 per cent and Permanent TSB about 10 per cent.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Out of Office: National Cyber Security Centre to get additional €2.5 funding and 20 new roles
The business news you might have missed, all in one place
Content is king – just ask Netflix as rivals attempt to steal its crown
A WarnerMedia-Discovery deal puts the spotlight on streaming wars as around 100 platforms vie for the attention of often fickle audiences
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures