Cerberus

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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 (...)

It’s worth considering how investors typically hold property in Ireland, and how these various structures are taxed. Photograph: Getty

The UN special rapporteur on housing, Leilani Farha, sent a letter to the Government earlier this year questioning its decision to allow unregulated g(...)

The High Court overruled the objections of Promontoria, owned by US private equity giant Cerberus, on Monday, approving a €75,000 write-down on the debts.

A “vulture fund” objected to a financial rescue plan for a heavily indebted Co Offaly firefighter, arguing that he could pay more off his mortgage fro(...)

Ulster Bank has trailed other mortgage lenders in terms of paying redress and compensation

Ulster Bank executives told the Oireachtas Finance Committee on Thursday that they have set aside money to cover a likely Central Bank fine for the le(...)

Both AIB and its EBS subsidiary are among six lenders that are in the middle of Central Bank enforcement investigations that will lead to likely fines. Photograph: Cathal McNaughton/Reuters

AIB has warned that it faces additional costs this year related to the industry-wide tracker mortgage scandal, as the bank posted an otherwise positiv(...)

AIB deputy chairperson Catherine Woods said the bank’s efforts to attract and retain staff were partly depended on its “ability to compete with the reumuneration practices of other employers”.

AIB’s deputy chairperson Catherine Woods told shareholders at the group’s annual general meeting on Wednesday that ongoing pay restrictions and a ban (...)

Cerberus earlier this month agreed to buy a €1 billion portfolio, consisting of 2,200 customer loans, from AIB

Cerberus, the US distressed debt giant that recently acquired a €1 billion portfolio of non-performing loans from AIB, has raised $5.1 billion (€4.53 (...)

Minister for Finance Paschal Donohoe.Photograph: Dara Mac Dónaill

The Minister for Finance Paschal Donohoe has ruled out suspending the work of Nama pending the final report of the investigation into the sale of the (...)

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