Bank shares dip

Bank shares dip

The gains made yesterday in Irish bank shares have been clawed back this morning.

Yesterday's gains came about after details of the €54bn Nama buyout of bad debts sent bank shares to an 11-month high.

The markets gave a clear thumbs-up to Nama yesterday, with the Irish stock exchange ending the day up more than 3% yesterday at 3,469 – its highest closing level for almost a year and its biggest gain in two months.

This morning, AIB was down 1.48% or five cents at €3.32, Bank of Ireland dipped 10c to €3.28 and Irish Life and Permanent fell 15c to €5.70.

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