Irish Life and Permanent shares have been temporarily suspended on the Irish and London stock exchanges, following a 45 percent drop in its stock yesterday.
The company requested the move this morning, pending the outcome of the banking stress tests – due to be announced tomorrow – and shares are suspended until Friday.
IL and P says it’s noted the media comment surrounding the level of capital it could need as a result of those stress tests.
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It was reported yesterday that the government may be forced to take a stake in the bank, because their results could be so severe.
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