Cerberus

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The UK’s National Crime Agency has confirmed that it has submitted a file to the PPS and this file is now under active consideration. I

The Northern Ireland Public Prosecution Service is considering potential “charging decisions” in relation to two suspects identified by the UK’s Natio(...)

About 90 per cent of the loans in the Project Redwood portfolio are more than two years behind in repayments. Photograph: Alan Betson

AIB confirmed on Thursday that a consortium led by US distressed-debt firm Cerberus has agreed to acquire €1.1 billion of bad loans at a discounted ra(...)

Cerberus, the US distressed debt firm, is understood to be leading the race to buy a portfolio of distressed loans from AIB, even as the size of the b(...)

Sources said  Lone Star Funds used Start Mortgages, an Irish authorised credit retail firm it acquired from Investec in 2014, to bid for the AIB portfolio.  Photograph: Nick Bradshaw

The three final overseas bidders for a portfolio of up to €2 billion of non-performing AIB loans filed final bids by a deadline on Monday, using Irish(...)

Front row, from left: Nick Corcoran of Cardinal Capital, Wilbur Ross of Wilbur Ross and Co and Nigel McDermott of Cardinal Capital. Back, from left: Jim Burr of the Carlyle Group and Jim Lockhart  of Wilbur Ross and Co. Photograph: Bryan O’Brien

Cardinal Capital Group is planning a second €300 million property development fund, after committing almost all of a previous pot a year ahead of sche(...)

Permanent TSB had the highest level of non-performing loans in the Republic last June, at 28 per cent.  Photograph: Bryan O’Brien

Permanent TSB has put as much as €4 billion of non-performing mortgages up for sale under its so-called Project Glas portfolio, triple the amount prev(...)

PTSB said it had pressed the start button on the sale of a portfolio of loans known as Project Glas as it seeks to lower its level of non-performing loans. Photograph: Alan Betson

Overseas private-equity and hedge funds are currently circling as much as €11 billion of Irish loans, mainly mortgages, that have been put in the mark(...)

Land Registry and Registry of Deeds records show loan charges totalling more than €1.5 million were registered against properties owned or co-owned by Paul Howard. Photograph: Padraig O’Reilly

Businessman Paul Howard, the landlord at the centre of an eviction row with tenants at an apartment on Mountjoy Square in Dublin, had a succession of (...)

Nama chairman Frank Daly and chief executive Brendan McDonagh have been forced to defend the agency’s decision to sell its Project Eagle loans in Northern Ireland to Cerberus. Photograph: Matt Kavanagh

New figures show the US vulture fund that bought the National Asset Management Agency’s Northern Ireland property loans in a controversial deal had co(...)

Mick Wallace:  has consistently raised questions in the Dáil over Cerberus’s €1.6 billion purchase of  Nama’s Northern Ireland loans in 2014

A company used by vulture fund Cerberus to buy property loans from Ulster Bank paid almost €3.5 million to the State last year as new tax rules for su(...)

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