Search Results for 'bank shares'

During the last General Election, I will never forget calling to a door, where a woman twice my age broke down, not just in tears but in sheer despair. Her entire retirement savings in bank shares were wiped out and she knew she wasn’t far from leaving the workforce.

Stocks and shares often ring as scare words but people from all walks of life and not just stock brokers are dabbling in them these days.

Q. My wife and I have AIB and Bank of Ireland shares that we bought about six months ago in the expectation that the stock has reached its floor. We were obviously very wrong. I have now huge paper losses on these stocks. Should I sell them and realize a loss which presumably I can offset against my tax? Can I use the paper loss in any way if the selling the shares now makes no sense?

It might be time to invest in a few bank shares again. There seems to be a big tightening up in procedures and lending policy, which should lead to profits rolling in like in the good old days of just a few years ago.

Just over a year since the Lehman Brothers filed for bankruptcy causing financial shock waves throughout the world, with the crest of these shock waves forcing Ireland into a deep recession, the Government’s legislative resuscitation for our economy, through the establishment of the National Asset Management Agency to purge the five financial institutions in the country — AIB, Anglo Irish Bank, Bank of Ireland, EBS Building Society and Irish Nationwide – of toxic loans which were incurred during the property boom, has begun.

Just over a year since the Lehman Brothers filed for bankruptcy causing financial shock waves throughout the world, with the crest of these shock waves forcing Ireland into a deep recession, the Government’s legislative resuscitation for our economy, through the establishment of the National Asset Management Agency to purge the five financial institutions in the country — AIB, Anglo Irish Bank, Bank of Ireland, EBS Building Society and Irish Nationwide – of toxic loans which were incurred during the property boom, has begun.