Apollo Global Management is understood to be in final negotiations to acquire the debt at a price said to be about 40 cent in the euro of the face value of Arnott’s debt.

A private equity investor is close to acquiring a €230 million group of loans owed by Arnotts, the leading Dublin department store, to IBRC, the forme(...)

Payment protection insurance promised to pay off loans and credit card debts in the event of illness or job loss. A review by the Central Bank has found €25 milion will be returned to customers.  Photograph: Simon Dawson/Bloomberg

Some €25 million is being returned to customers of 11 financial institutions after a partial review of the payment protection insurance (PPI) sector f(...)

Developer Michael O’Flynn: up to five investors are understood to be willing to bid at least €950 million to buy the loans given to the property group controlled by him from Nama, although the State agency has yet to put them on the market.

Up to five investors are understood to be willing to bid at least €950 million to buy the loans given to the property group controlled by Michael O’Fl(...)

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