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Boris Johnson’s Brexit plans hammering Ireland’s banks

Bloomberg Want a glimpse into how vulnerable Ireland is to a messy Brexit? Look at its banks. Amid Brexit hardliner Boris Johnson’s rise to British prime minister, Bank of Ireland Group Plc is down 25 percent. AIB Group Plc has slumped 37 percent, making it the worst performer in the Euro Stoxx Banks Index since the end of June, as ...

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India’s big state-run lenders plunge on mega-merger plans

Bloomberg Investors knocked down shares of India’s large state-run banks after the government unveiled its plan to merge several of the lenders, amid concerns that the integration process might delay a bad-loan cleanup and slow lending approvals. The four key large lenders at the center of the merged groups — Punjab National Bank, Canara Bank, Union Bank of India and ...

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Lloyds buys Tesco home loan book for $4.6b

Bloomberg Lloyds Banking Group Plc is snapping up Tesco Plc’s mortgage portfolio for about 3.8 billion pounds ($4.6 billion) as the British bank bets the UK economy will hold up despite the prospects of a disorderly Brexit. The country’s biggest mortgage lender is tightening its grip, acquiring over 23,000 mortgage customers as part of the deal, according to statements from ...

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