Simply abandoning the $44bn transaction is not an option
Cerberus
Property company has paid €48 million to US investment firm, annual report indicates
Sale of State agency’s Northern Ireland loans has been under investigation since 2017
US presence has grown over the years as their financial firepower makes impact
US investor uses Ireland as hub for distressed property assets from across Europe
Cerberus’s purchase of loans for €1.6m in 2014 became the subject of parliamentary inquiries on both side of the Border
Reassurance comes a day after the bank sells its US retail banking business
Bank releases $400 million it had set aside to cover pandemic-induced bad loans
Goldman Sachs is selling the portfolio of mortgages in arrears to Balbec Capital
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