Cerberus

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The deal is believed to mark Balbec’s initial foray into  Irish non-performing loans. Photograph: iStock

Balbec Capital, an Arizona-based distressed debt investment firm, has emerged as the winning bidder for a portfolio of deep-in-arrears Irish mortgages(...)

Permanent TSB and AIB, in both of which the Government has majority stakes, are on track to say on Friday that they are in talks to buy parts of Ulster Bank’s €20.5 billion loan book in the Republic. Photograph Nick Bradshaw

Permanent TSB and AIB, in both of which the Government has majority stakes, are on track to say on Friday that they are in talks to buy parts of Ulste(...)

An announcement is scheduled to be made on Friday morning as the UK group  reports annual results.  File photograph:  Nick Bradshaw

The board of NatWest is set to decide on Thursday evening on a proposal to wind down Ulster Bank in the Republic after more than 160 years in the mar(...)

Dublin-based Depfa Bank is set to be bought by Austrian lender Bawag from a German State bad bank. Photograph: Kate Geraghty

Dublin-based Depfa Bank is set to be bought by Austrian lender Bawag from a German State bad bank for an undisclosed sum and will continue the orderly(...)

Bawag is Austria’s third-largest listed lender by market value. Photograph: iStock

Austrian lender Bawag Group is emerging as the frontrunner to acquire Depfa Bank, the public sector financier being sold by Germany, people with knowl(...)

PTSB had been widely speculated as a potential merger partner for Ulster Bank in the Republic over the past decade. Photograph: Alan Betson

Permanent TSB (PTSB) has retained investment bank Morgan Stanley to advise on a potential bid for Ulster Bank’s small- to medium-sized business (SME) (...)

The five-star Park Hotel in Kenmare, Co Kerry opened for just three and a half months last year and had an ‘extremely good season’ serving mostly staycationers

John Brennan, one of the country’s best-known hoteliers, does not expect to reopen the five-star Park Hotel in Kenmare, Co Kerry until May or June due(...)

NatWest is using the coronavirus crisis as “a cover” to carry out a review into its Ulster Bank business in the Republic, which is known to be actively looking at winding down the unit, the Financial Services Union has claimed.

NatWest is using the coronavirus crisis as “a cover” to carry out a review into its Ulster Bank business in the Republic, which is known to be activel(...)

NatWest is reported to be considering the sale of Ulster Bank’s €20.5bn loan book in the Republic to US debt firm Cerberus. Photograph: Frank Miller

Minister for Finance Paschal Donohoe has told the Financial Services Union that he has no formal power to prevent the potential sale of Ulster Bank’s (...)

Colm Kelleher: does not speak German and spent his career at a Wall Street institution hugely different to Deutsche Bank.  Photograph: Peter Foley/Bloomberg

One of Deutsche Bank’s top shareholders tried to install former Morgan Stanley president Colm Kelleher as chairman of Germany’s largest lender, highli(...)

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