SOURCE: StockCall

StockCall

October 01, 2010 09:52 ET

Equity Research on Allied Irish Banks and Barclays -- Money Center Banks Waiting for Irish Crisis Resolution

JOHANNESBURG, SOUTH AFRICA--(Marketwire - October 1, 2010) - www.stockcall.com/ offers investors comprehensive research on the foreign money center banks industry and has completed analytical research on Allied Irish Banks plc (NYSE: AIB) and Barclays plc (NYSE: BCS). Register with us today at www.stockcall.com/ to have free access to these researches. 

The current banking crisis in Ireland has sent many major money center banks into a holding problem. Lessons learned from the Greek financial crisis and overall global banking collapse has made many banks cautious. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the foreign money center banks industry.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the foreign money center banks industry can have easy and free access to our analyst research and opinions on Allied Irish Banks plc and Barclays plc; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

The recent decision to inject another $16.36 billion into the Irish banking system has provided some immediate relief from the quagmire it took about 2 years to get into. The $16 billion may have stopped the bleeding but Irish banks are not off the operating table just yet. The Irish deficit still sits at 32% of this year's gross domestic product, and the latest addition of $16 billion is just a fraction of the estimated $60+ billion bailout effort. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

In the past, the banking world may have glanced at the Irish banking problem and moved on. However, in light of the ongoing global recession the Irish situation is comparable to putting up storm windows at the first sign of rain. It is apparent now that banks must be more guarded than ever before. 

Overall, major money center banks are performing steadily but cautiously. The resolution of the Irish banking crisis should steady the European markets and in turn allow recovery and growth to resume. 

Yesterday banking stocks in Europe slumped with Allied Irish Banks plc closing down by 13.41% to $1.42 and Barclays plc ending the session at $18.85 that is a decline of 1.82%. Allied Irish Banks plc was impacted mainly because of news that the company will need to raise an additional 3 billion EURO by year's end. Allied Irish Banks plc and Barclays plc research reports are accessible for free by registering today at www.stockcall.com/AIB011010.pdf or www.stockcall.com/BCS011010.pdf

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