AIB shares dip below €2


The share price of Allied Irish Bank (AIB), Ireland‘s largest Bank dipped below €2 in early trading this morning with a slight rally later but a sharp drop again after lunch.
As I write, it has dropped again to just above the €2 mark:
AIB Price Nov 20 08
AIB Price Nov 20 08

This follows hot on the heels of Bank of Ireland  (BOI) falling below the landmark €1 mark on Monday of this week after their announcement that they were completely cancelling their dividend payment policy. This was followed by Anglo Irish bank falling below €1 yesterday.

AIB shares have fallen over 90% in value since the peak in early 2007. If they are to fall below the €1 it would mark almost complete wipeout for the Irish banking sector in just a few months.

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Irish Bank shares soar on takeover rumours


September 19 2008

Rumours this morning that Bank of Ireland is to be taken over by Spanish Bank Santander have sent all Irish bank shares rocketing on the Dublin Stock exchange this morning.

At 9:17 am, the Irish banks were up by the following percentages: Continue reading