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Irish bank shares drop as Deutsche becomes new focus of industry turmoil

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The share price of Ireland’s main lenders dropped today after concerns about Deutsche Bank led to further worries about the financial stability of the sector.

AIB’s stock fell by 6 per cent, while Bank of Ireland and Permanent TSB both recorded declines of 5 per cent in early morning trading.

Shares in Deutsche Bank tumbled after it said it will redeem a tier 2 subordinated bond early. Such moves are usually intended to give investors ...

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