"It's going to take a while before there's an Irish (bank) bond issue," says one of Ireland's...


"It's going to take a while before there's an Irish (bank) bond issue," says one of Ireland's top bank regulators, claiming the banks will remain dependent on central bank funding for years. Investors are betting decent value remains in Bank of Ireland (IRE), bidding the price up 37% in the week since a €5.2B hole was found in its balance sheet.

Comments (1)
  • stocknerd
    , contributor
    Comments (1503) | Send Message
     
    It is simple: good Irish economy=good bank. The Irish economy is headed into an austerity program, higher interest rates and poor GDP= a poor Irish bank. All the rise is pure speculation. Won't last long. Bet on it.
    8 Apr 2011, 09:30 AM Reply Like
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