Irish bank stocks fall on concerns about recession

Bank stocks in Ireland dropped Tuesday as investors worry that the country is headed toward recession. The Bank of Ireland fell 9%, Allied Irish Banks and Anglo Irish Bank each declined 10%, while Irish Life & Permanent plunged 14%. The moves came after dismal economic data was released and Standard & Poor's downgraded Ireland's biggest mortgage lender, Irish Life & Permanent.

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Financial Times (free content) · Irish Times (Dublin), The

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