Pimco

Investors bet debt will have to be restructured as retailers withhold rent

IPO on hold amid financial chaos caused by virtual lockdown of global economy

Non-bank lender expected to seek more than €100m in IPO depending on market

412-bed property underwent €5m upgrade following 2017 sale to Patron Capital for €14.5m

State’s largest non-bank lender is working on IPO plan with Goodbody Stockbrokers

Yield curve inversions’ reputation as a recession indicator is well deserved

A Trump trade deal ahead of 2020 presidential election now unlikely, says Goldman Sachs

Research shows investors should also be wary of firms headed by egotistical chiefs

Promontoria Eagle collected €242m due from borrowers last year

Finance Ireland will be ‘competitive’ with its rates when it begins offering mortgages in February

Several niche mortgage operators are already in business here, with more on the way

AirBnb a ‘lightning rod’ for housing crisis and Revenue investigate high-net worth individuals

Heavy trading as populist parties recommend little-known academic as premier

Bank had originally planned to sell up to €1.2bn in troubled loans

Loans being sold by Lloyds, PTSB and AIB mostly comprise mortgages

Accounts show Cerberus subsidiary used to buy loans made €9 million loss in 2016

UK banking group set to launch sale of €5 billion portfolio as early as February

London-based bank racked up €12.3bn losses on Irish loans between 2008 and 2011

Aviva increases share of life insurance market to 15% after purchase of Friends First

Pimco believed to be involved with Goldman Sachs on €1.8 billion Danske portfolio deal

Bank to pay €4.8m rent on office building originally owned by Treasury Holdings

Lending doubled in first quarter, with run rate now at €10m a month

Agency fails to recognise process failures or respond with humility to the PAC report

Agency dismisses PAC critique of ‘deficient’ process marked by governance failures

Well-connected former Belfast banker Frank Cushnahan central to story

Minister for Finance will rebut any adverse findings against him in PAC report on Nama

British pound posted its biggest rise in nearly two decades in previous session

Authorities tolerate further slowdown in order to focus on containing financial risks

Dáil group looked into €1.6bn sale of agency’s Northern Ireland loans

Also in the news: the UK’s autumn economic statement, the banks and Project Eagle

Brown Rudnick counters US company’s account of dealings over Nama loan portfolio

Investment gives agency 32% stake in SME lender led by former PTSB chief Billy Kane

Cites arrest in June as reason for inability to appear at Dáil PAC hearing into Project Eagle

Sinn Féin Minister to tell PAC that the Nama sale raises ‘serious’ questions

No one really knows for sure where sterling ought to be or where it’s going to go

Minister for Finance answers questions on Project Eagle at Public Accounts Committee

Analysis: C&AG made clear that aspects of the sale were concerning

Peter Murtagh on the threads that link rival US funds, Northern politicians, legal firms and middlemen to the property sell-off that cost the State hundreds of millions

State agency should have blown the whistle on Northern Ireland sale but chose not to

C&AG report contains calls between former Nama official Hanna and Pimco