Group manages up to 100,000 mortgages on behalf of investment funds
Carval
Portfolio, dubbed Project Sycamore, is expected is mainly made up of deep-in-default commercial property loans
Company commences recruitment with headcount set to reach 600 by year end
US presence has grown over the years as their financial firepower makes impact
Lender strongly refutes accusation, claims it has offered staff generous redundancy terms
Lender is also in process of selling remaining €9.2bn of Irish loans to Bank of Ireland
Almost 300 Ulster Bank staff have left the exiting lender this year
‘Don’t leave it to the last minute’ is advice to existing customers
Belgian-owned lender has never recognised Irish unions
Portfolio includes loans deep in arrears and restructured debt underpinned by eased terms
Analyst tells clients to expect further nonperforming loan sales in coming months
CarVal to acquire non-performing loans as bank advances plans to exit the Irish market
CEO eyes 100-plane fleet as firm cashes in on opportunities created by Covid travel bans
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