- Patrick Young
- Bank of Ireland scraps dividend as profits fall
- business.timesonline.co.uk
Summary
Bank of Ireland is in a mess and has been working hard to counteract a huge property bubble
Analysis
In perhaps the least surprising banking announcement of the week, the news of Bank of Ireland scrapping its dividend seems like a sensible defensive move given the fact that residential property in its native Irish Republic as well as Northern Ireland is currently akin to a blood bath.