Market Talk

The stress test results for the pillar banks show us that a return to normality in the sector is still some way off

7th August, 2016
Richie Boucher, chief executive, Bank of Ireland: an embarrassing result in the most recent banking stress tests and Brexit make a dividend payment increasingly unlikely Pic: Bryan Meade

Last weekend, AIB and Bank of Ireland were still struggling to come to terms with the fact that they finished second and fourth from bottom in the league of Europe’s banks after the latest rounds of stress tests. Unlike previous health checks, this time it doesn’t require them to raise any additional capital. But it is embarrassing, nonetheless, that they barely scraped through.

Their response since has consisted of pointing out...

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