Banking shares continue to slide
Irish banks suffered further sharp falls in their share prices shortly after the ISEQ index opened this morning.
It follows reports the Government is set to take a majority stake in Bank of Ireland, while AIB would become 99.9% state-owned, as part of an €85bn IMF/EU bailout package to recapitalise the banks.
Shares in AIB fell 6c or 18.48% to €0.27 after the index opened, while Bank of Ireland was down 4c or 12% to €0.26.
Irish Life & Permanent was also down, slipping 7c or 8.90% to €0.69.
