Wed, 09th Jun 2010 07:32
Shares in Bank of Ireland dropped 9% on Tuesday after Canada's Fairfax Financial Holdings sold half of its 5.8% stake in the Irish lender, say press reports. According to a report run by Reuters, Fairfax Financial plans to sell 2.9% of its stake, or 935 million of its shares, netting it a €266m prof
Read moreIreland's permanent TSB Group did not meet pass Sunday's European Central Bank stress-tests, prompting the firm to clarity that most of the capital short-fall has already been largely covered. The ECB's stress tests were based on its assessment of European banks' balance sheets as of 31 December 201
Read moreLONDON (Alliance News) - Bank of Ireland Governor & Company Wednesday said Wilbur Ross Jr, a director and major shareholder, resigned as a director of the bank and he along with certain funds connected with him sold approximately 1.8 billion shares, representing 5.5% of the issued share capital,
Read moreLONDON (Alliance News) - Bank of Ireland said Tuesday that American investor Wilbur Ross Jr has resigned as a director of the bank and has sold off his remaining shares of around 1.8 billion units in the lender. Bank of Ireland said it had been notified by Ross Jr of his resignation as a Di
Read moreA consortium of unidentified investors plan to invest up to €1.123bn to acquire a large stake in Bank of Ireland, which would help the embattled Irish lender escape majority state ownership. According to the deal, the State has agreed to sell 4.2bn shares, representing approximately 14% stake in th
Read moreThe economic crisis in Greece threatens the survival of the euro, the common destiny of Europe and its peace and stability, President Sarkozy of France said yesterday. Europe's two most powerful leaders, Mr Sarkozy and Angela Merkel, the German Chancellor, meet today to try to save the single curren
Read moreShares in UK banks took a knock after the ratings agency Moody's said it is considering downgrading Lloyds Banking, Royal Bank of Scotland and 12 other banks in response to the UK regulator appearing less willing to bail out lenders in the future. "The reassessment is not driven by either a deterio
Read moreThe underlying loss before tax at struggling Irish lender Bank of Ireland widened in 2010, as the company booked a €2.24bn loss on the sale of assets to the National Asset Management Agency (NAMA), the so-called "bad bank" set up by the Irish government. The underlying loss before tax expanded to €
Read moreFinancial stocks are in demand today, with banks performing strongly following the Irish banking stress tests yesterday. Irish banks are unsurprisingly leading the way amid hopes the government's plans will keep the sector out of harm's way. Bank of Ireland is sharply higher. British banks such as
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