Cerberus

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AIB’s net loans grew by €900 million to €60.9 billion during the year

AIB, which reported a dip in profits for last year on Friday, has indicated that the 1,400-strong workforce in its loan-restructuring unit could be ta(...)

AIB chief financial officer Mark Bourke, who will depart the bank shortly for a new role in Portugal. Photograph: Clodagh Kilcoyne/Reuters

AIB is understood to have selected Donal Galvin as its next chief financial officer (CFO), as the bank prepares to announce a planned dividend hike ne(...)

AIB is working to cut its level of bad loans towards the EU average of 3.4 per cent. Photograph: Julien Behal/PA Wire

Lone Star Funds is said to be one of at least three bidders to have progressed to the second stage for an AIB portfolio of soured loans, according to (...)

Master of the High Court Edmund Honohan: His public pronouncements, and the frequency of them, contrasts with the low-profile style adopted by most figures significant in the daily life of the Four Courts. Photograph: Gareth Chaney Collins

Yesterday morning, Edmund Honohan gravely told his court he was about to say some words he never thought he’d utter. “I’m still wearing last night’s m(...)

Bernard Byrne’s decision in October to hand in his notice have all but killed off any prospects of Paschal Donohoe approaching the market with more AIB shares any time soon

A decade after Irish banks threatened the solvency of the State, Minister for Finance Paschal Donohoe could be forgiven for still not wanting to liste(...)

The Government appointed retired High Court judge John Cooke in June 2017 to investigate Nama’s £1.24 billion (€1.38 billion) sale in 2014 of the portfolio to US distressed-debt firm Cerberus.

The Commission of Investigation into the National Asset Management Agency’s (Nama) controversial sale of its Project Eagle portfolio in the North has (...)

Allied Irish Banks: ‘While we do see loan sales as part of our overall plan, our key priority remains to restructure customers on a case-by-case basis.” Photograph: Aidan Crawley/Bloomberg

AIB’s latest troubled loans portfolio sale, initiated in recent weeks, contains debt that was originally valued at €3.4 billion, according to sources.(...)

Cerberus bought the loans, collectively called Project Eagle and worth around £4 billion, at a discount in April 2014 from Nama. Photograph: Cyril Byrne

New figures show that the US vulture fund that bought State assets agency Nama’s Northern Ireland property loans in a controversial deal had collected(...)

Inquiries into Project Eagle revealed that former Nama adviser Frank Cushnahan, Belfast solicitor Ian Coulter and US lawyers Brown Rudnick were to share €18 million if another bidder, Pimco, succeeded in buying the loans

Prosecutors are still considering charges against one suspect arising from an investigation into State assets agency Nama’s €1.6 billion sale of loans(...)

Cork, Ireland - November, 8th 2015: Facade of AIB Bank with AIB sign visible in the centre of the shot.

Shares in AIB rallied from near all-time lows on Wednesday afternoon as it emerged that the lender’s next portfolio of problem loans to be put on the (...)

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