Irish bank shares tumble in early trading

The financial turmoil on world markets hit Irish financial shares again today.

The ISEQ index of Irish shares fell 6% in initial trading this morning.

Irish Life & Permanent, AIB, Bank of Ireland and Anglo Irish Bank were among the big losers.

AIB was down 15% to €5.10, while Bank of Ireland fell 10.24% to €3.68. Anglo Irish shares lost 12.30% of their value while Irish Life and Permanent was down 17.39% to €4.75.

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