A lot is happening and big stories are easy to miss. One such story is the collapse in value of the Irish banking industry since Covid-19. Irish banks are collectively down by 67% since the middle of January. €3.8 billion of value is gone. They’ve performed worse than other Irish companies (the ISEQ 20 is down 37 per cent) and the European banking industry (the Eurostoxx Banks index is down 46 per cent). In the last crisis, it took Bank of Ireland 16 months to drop 67 per cent in market cap. This time, it’s taken three months.  In 2007-08,…

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