FBD Holdings Plc fell the most in more than five years after the Irish insurer cut its full-year earnings forecast amid a rise in motor claims and increased estimates of bad-weather costs during the winter.
Bank of Ireland Plc said its pension deficit will narrow by an initial 400 million euros ($550 million) under a plan to cut employee retirement benefits, in an accord that eases the way for the nation’s largest lender to repay part of its state bailout.
Bank of Ireland Plc , Ireland’s largest bank, plunged for a third day as the government prepared to inject more capital, a step that may make it the fifth lender to fall under majority state control in less than two years.
Permanent TSB Group Holdings Plc, the bailed-out Irish lender, said its mortgage arrears have fallen about 10 percent from their peak last year amid an upturn in the economy and as banks ease terms for customers struggling to repay loans.
Ireland may give an unexpected update on the cost of bailing out Anglo Irish Bank Corp., the first of the country’s lenders to be nationalized, when it publishes the results of stress tests on the rest of the nation’s banks, two people with knowledge of the talks said.