Cerberus

259 results

Fiat and Chrysler are now enjoying what appears to be a very happy marriage indeed. Photograph: iStock
Preparing for a happy marriage

Many of the world’s leading companies are actually the products of a series of mergers with and acquisitions of other household names over the years. (...)

Cerberus bought the Project Eagle loans in 2014.

The Government has granted a three-month extension to the judge-led inquiry examining the 2014 Project Eagle sale of billions of euro worth of debt by(...)

Surviving domestic banks have cut their average non-performing loans ratio from a peak of 30 per cent in 2013 to 7 per cent at the end of June, according to Central Bank data. Photograph: Alan Betson

Some 35 so-called vulture funds have filed applications to be authorised by the Central Bank following the passage of laws late last year forcing owne(...)

Shelbourne House occupies a high-profile site in Ballsbridge, Dublin 4

Mel Sutcliffe of Quanta Capital has paid over €40 million in an off-market deal for the landmark Shelbourne House in Ballsbridge. The transaction, wh(...)

In New York, the tech-heavy Nasdaq hit a record high for the first time since July, while the benchmark S&P 500 notched its fourth record high this week. Photograph: Justin Lane/EPA

European shares clocked their best day in more than a week on Friday, as upbeat jobs data from the United States and a surprise bounce in Chinese manu(...)

AIB said it was committed to reducing non-performing loans to a ‘more normalised level’. Photograph: Cyril Byrne

Majority State-owned AIB has agreed to sell a portfolio of non-performing loans with a face value of €850 million to US private equity group Cerberus (...)

Former CFO  of Allied Irish Bank Mark Bourke. Photograph: Reuters/Clodagh Kilcoyne

Portuguese lender Novo Banco, where former AIB chief financial officer Mark Bourke took over as finance head earlier this year, has agreed to sell alm(...)

AIB sold a portfolio of loans that had an original value of almost €3 billion to a group led by US distressed debt giant Cerberus in April. Photograph: Crispin Rodwell/Bloomberg

Banks in the Republic have been the second-most-active sellers of problem loans so far this year, behind Italy, according to US investment bank Everco(...)

Thousands of people who are in danger of losing their home are the “hidden homeless” according to David Hall of the Irish Mortgage Holders Association.  Photograph: Collins

Thousands of people who are in danger of losing their home are the “hidden homeless” according to David Hall of the Irish Mortgage Holders Association(...)

Ulster Bank is selling €900 million worth of mortgages relating to borrowers who are up to five years behind with their loan repayments.  Photograph Nick Bradshaw

More than 3,000 home owners, who owe Ulster Bank €900 million, face the prospect of their mortgages being sold to a vulture fund. The bank signalled (...)

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