Plummeting bank shares drag Dublin’s Iseq into the red, with AIB group down 5% after €96m fine over tracker scandalUS traders were braced for further signals from the US Fed. Photograph: Yuki Iwamura/AFP via Getty ImagesMarkets across Europe dropped back again after closely-watched industry surveys for the month underwhelmed traders.
In the US, stocks wavered and bond yields tumbled as investors braced themselves for a flurry of economic data and testimony from US Federal Reserve chairman Jerome Powell before the House financial services committee.The Iseq index was down more than 0.7 per cent by the end of the session, its decline due in large part to sharp falls in the two pillar banks.group was fined more than €96 million by the Central Bank of Ireland over its handling of the tracker mortgage crisis.
slipped in value after it warned that half-year revenues are set to drop due to the UK’s crackdown on online gambling and its temporary exit from the Netherlands. The group — which is soon to complete its £2.1 billion takeover of William Hill’s UK and European businesses — said turnover for the first half of the year is set to fall to between £330 million and £335 million. Shares in the firm declined by 14.6p to 160.7p as a result.