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Stress Tests

Trading in AIB, Bank of Ireland to be suspended tomorrow

THE CENTRAL BANK has tonight indicated that trading of shares in both Allied Irish Banks and Bank of Ireland will be suspended from 5:30am tomorrow morning, given tomorrow afternoon’s publication of the results of the latest round of stress tests. Early indications from tomorrow’s results, leaked to Bloomberg, have indicated that Bank of Ireland will require €5bn in new capital. The suspension means that all three of the guaranteed banks still on the stock exchanges will have been suspended from trading.

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Author

Gavan Reilly

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