Cerberus

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Ulster Bank parent NatWest is actively considering winding down the business as part of a strategic review.  Photograph: Sasko Lazarov/Rollingnews.ie

Ulster Bank’s top directors told the Minister for Finance Paschal Donohoe on Wednesday that its UK parent had taken no decision yet on the lender’s fu(...)

Ulster Bank has about 2,800 employees in Ireland

Minister for Finance Paschal Donohoe will meet Ulster Bank chief executive Jane Howard and her new chairman Ruairí O’Flynn on Wednesday morning to dis(...)

The mulling of a wind-down of Ulster Bank in the Republic comes as Covid-19 has added to the problems of the lender.

Reports that US investment firm Cerberus is considering an approach for Ulster Bank’s €20.5 billion loan book in the Republic have been described as “(...)

Ulster Bank has been allowed by the Central Bank to return €3.5bn  of surplus capital to RBS over the past four years, the equivalent of about a fifth of its parental bailout bill during the financial crisis.  Photograph: Nick Bradshaw

US investment firm Cerberus is looking at making an approach for Ulster Bank’s €20.5 billion loan book in the Republic as the lender’s UK parent activ(...)

Debt in the euro zone considered unlikely to ever be fully repaid stands at more than half a trillion euros, including credit cards, car loans and mortgages, and is set to rise. Photograph: iStock

The European Central Bank (ECB) is working on an Amazon-style website to sell hundreds of billions of euros of bank loans which have been soured by th(...)

Stepstone was among a number of subprime lenders that entered the Irish market near the peak of the property bubble, before retrenching in the wake of the crash.

Stepstone Mortgages, the boom-time Irish subprime mortgage lender that stopped writing business in 2008, has officially gone into liquidation after se(...)

National Asset Management Agency chief executive Brendan McDonagh and chairman Frank Daly. The agency did not comment on news that two men, Frank Cushnahan and Ian Coulter, are to face charges. Photograph: Matt Kavanagh

What was Project Eagle? Project Eagle was the name given to the National Asset Management Agency’s (Nama) Northern Ireland property loans, sold to US(...)

 Bank of Ireland CEO, Francesca McDonagh. Photograph: Laura Hutton

Bank of Ireland has long-fingered plans to sell hundreds of millions of euro of problem mortgages until the second half of this year, as the appetite (...)

Customers not meeting the terms of agreed restructuring arrangements will be required to complete standard financial statements if seeking payment breaks, PTSB said. Photograph: Alan Betson

Permanent TSB is holding back from offering mortgage holders already in arrears the full standard three-month mortgage payment break that banks in the(...)

AIB reduced its non-performing loans from €6.1bn in December 2018 to €2.8bn by the end of last year.

AIB, the Republic’s largest mortgage lender, has moved to postpone indefinitely its first sale of a deeply distressed owner-occupier loan book, which (...)

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