What is up(down) with the bank shares today?

[Capt Pat]

AIB had dropped more than 50% at one stage today. They were down to 1 euro from being 3.50 a few weeks ago. Back up to 1.55 at the moment. BOI took a big hit today as well, down 20% today as things stand.

I couldn't find one of the other appropriate banking threads so I started a new one.

[rossie mad]

I think its to do with NAMA pat.

There is talk that it will take longer to put in place than first expected and so the banks shares plummeted on this speculation.

NAMA is the banks only hope in this country and they want it in asap.

[bingobus]

AIB sent email yesterday saying that all xmas parties where cancelled do to cutbacks. The markets reacting  in case the Unions call strikes, the staff riot and rob the banks. 

[Declan]

More to do with reaction to EU commission going into big players and telling them to break up into smaller parts. The "market" doesn't like anyhting like that might actually force real competition!!

[mournerambler]

http://news.bbc.co.uk/1/hi/northern_ireland/8330902.stm

Somebody has been a bold boy I think.