New York- Share of Allied Irish Bank declined 0.86% today to finish the day at $1.15. The stock continues to get a premium on the American exchange in terms of market capitalization compared to what the stock trades for on the Irish exchange. The adjusted price from the Irish exchange to the American exchange is $1.12 hinting that the stock has more downside. Allied Irish has continued to encounter problems with the government. Over the last two weeks AIB's management has been dismissed and the government announced it has nationalized the lender.AIB has 33% of its loans as non performing which is critically high.
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