ISEQ down 3%

Shares on the Irish Stock Exchange were still trading 3% down this afternoon, after another day of volatility on world markets.

All the major Irish banks were down, with the exception of Irish Life and Permanent, which was up 7%.

Falls on the international markets have triggered concerns that the multi-billion euro banking bail-outs are not working.

Today's drops followed huge falls in New York and Japan overnight.

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