Banks

ranger4

With the massive falls with irish banks could we see the likes of the smaller banks share values being further diluted by the government buying preference shares with the small banks, With the comments by the c.e of aib saying aib would rather die than raise equity could they be forced into it if their share prices erode further over the next few months or would they be best positioned to weather the financial storm without needing goverment intervention.

El Stuntman

ranger4 wrote: »

With the massive falls with irish banks could we see the likes of the smaller banks share values being further diluted by the government buying preference shares with the small banks, With the comments by the c.e of aib saying aib would rather die than raise equity could they be forced into it if their share prices erode further over the next few months or would they be best positioned to weather the financial storm without needing goverment intervention.

:eek: (when did he say this?)

talk about hostages to fortune!

a good example of why the Govt should have insisted that the muppets running the Irish banking cartel be sacked as a condition of the bailout

ranger4

El Stuntman wrote: »

:eek: (when did he say this?)

talk about hostages to fortune!

a good example of why the Govt should have insisted that the muppets running the Irish banking cartel be sacked as a condition of the bailout

Irish indo quoted sheehy making the "rather die than raise equity" comment.

homer911

http://www.independent.ie/business/irish/wed-rather-be-dead-than-raise-equity-says-sheehy-1508041.html

El Stuntman

thanks for the linkies

well, someone better do up a nice tombstone so

poor employees, terrible time to be seeking work in the banking sector. Also, not nice to see your nest egg of AIB shares now effectively worthless...

ranger4

El Stuntman wrote: »

thanks for the linkies

well, someone better do up a nice tombstone so

poor employees, terrible time to be seeking work in the banking sector. Also, not nice to see your nest egg of AIB shares now effectively worthless...

Irish life and permanent are taking a hammering at one point down over 18%:mad: I thought that aib and IL&p were 2 of the most best capitalised bank stocks in ireland? will we see more of the same when markets open after the bank hols?

woodseb

ranger4 wrote: »

Irish life and permanent are taking a hammering at one point down over 18%:mad: I thought that aib and IL&p were 2 of the most best capitalised bank stocks in ireland? will we see more of the same when markets open after the bank hols?

the Irish market is open on monday btw

El Stuntman

ranger4 wrote: »

Irish life and permanent are taking a hammering at one point down over 18%:mad: I thought that aib and IL&p were 2 of the most best capitalised bank stocks in ireland? will we see more of the same when markets open after the bank hols?

we don't have any 'well capitalised banks'

they are all basket cases imo

ranger4

What a day, IL&P closed down 29.24% today on the LSE, I guess its exposure to Icelandic bank debut didnt help today, I wonder which other of the irish banks have simmiler exposure?