The EU and IMF are expected to approve a bailout package worth billions of Euros to Ireland next week. The Irish banking system is especially in need of capital injections despite billions already pumped into them by the Irish government. Similar to most U.S. banks, Irish banks also recklessly lent funds heavily to the real …
Continue reading ‘European Banks Have Large Exposures To Ireland’ »
Yesterday January 16, 2009 The Government of Ireland nationalized the Anglo Irish Bank. The shares were suspended from trading in all the exchanges. Anglo Irish was listed as a sponsored ADR with the ticker AGIBY. The ADR last closed at less than a dollar at $0.12.The Department of Finance of the Irish Government says: “The …
Continue reading ‘Anglo Irish Bank Nationalized – Equity Worthless’ »
A few years ago The Republic of Ireland had one of the fastest growing economies in Europe. Then growth slowed and in the past two years or so the Irish economy stagnated and growth came to a standstill. Irish stocks have been hit pretty hard as well in 2008 – especially the banks. As of …
In this post, lets list all the Irish ADRs trading in the US.Irish stocks have not been doing well for the past few months or so due to slowdown in the Irish economy. However they may be good picks at this time since some of these stocks have excellent dividend yields. For eg. – The …