Cerberus

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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 (...)

The Financial Services Union (FSU) has come out in favour of a Sinn Féin Bill backed by Pearse Doherty TD that would prevent banks from selling home loans to so-called vulture funds without borrowers’ permission

The Financial Services Union (FSU) has come out in favour of a Sinn Féin Bill that would prevent banks from selling home loans to so-called vulture fu(...)

AIB has cut its non-performing loans from a peak of €31 billion in 2013 to €6.1 billion at the end of 2018. Photograph: Aidan Crawley/Bloomberg via Getty Images

AIB is considering the sale of a final batch of problem loans later this year to allow it start releasing billions of euro of excess money on its bala(...)

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 (...)

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