Cerberus

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AIB is planning another NPLs portfolio sale, said to amount to €1.5bn   of loans. Photograph: Paul McErlane/Reuters

Shares in AIB dipped on Tuesday as Davy downgraded its earnings forecasts, share price target and recommendation for the group. The broker says it exp(...)

US president Donald Trump met European Commission president Jean-Claude Juncker at the White House, claiming the US and EU “love each other”.

US president Donald Trump had one of his trademark changes of heart this week. “Tariffs are the greatest!” he tweeted ahead of a crucial meeting with(...)

Allied Irish Bank chief executive Bernard Byrne at the bank’s 2017 agm. AIB shares have fallen by almost 12% so far this year. Photograph: Clodagh Kilcoyne/Reuters

AIB expects to return a “serious lump” of excess capital to shareholders from early 2020, after the bank finally reduces its non-performing loans to a(...)

The bank said that the outcome for the period was also helped as its net interest margin.

AIB reported a €762 million pre-tax profit for the first half of the year, helped by a €140 million gain from the sale of non-performing loans to a gr(...)

Mario Draghi, president of the European Central Bank, which warned that regulating overseas buyers of soured Irish loans could have “unintended side effects”. Photograph: François Lenoir/Reuters

The European Central Bank (ECB) has warned that regulating overseas buyers of soured Irish loans may ultimately limit banks’ ability to lend and poten(...)

Nama sold its Northern Ireland property loans portfolio, Project Eagle, to US company Cerberus in 2014 for some €1.6billion. File photograph: Cyril Byrne/The Irish Times.

The Oireachtas Public Accounts Committee has been given an 800-page dossier containing a number of serious allegations about Nama’s sale of Project Ea(...)

Permanent TSB: has the highest portion of non-performing loans among bailed-out Irish banks, at 26 per cent of its loan book. Photograph: Alan Betson

Permanent TSB has hired Citigroup to help shift €900 million of split mortgages off its balance sheet through a refinancing in international bond mark(...)

The UK’s National Crime Agency has confirmed that it has submitted a file to the PPS and this file is now under active consideration. I

The Northern Ireland Public Prosecution Service is considering potential “charging decisions” in relation to two suspects identified by the UK’s Natio(...)

About 90 per cent of the loans in the Project Redwood portfolio are more than two years behind in repayments. Photograph: Alan Betson

AIB confirmed on Thursday that a consortium led by US distressed-debt firm Cerberus has agreed to acquire €1.1 billion of bad loans at a discounted ra(...)

Cerberus, the US distressed debt firm, is understood to be leading the race to buy a portfolio of distressed loans from AIB, even as the size of the b(...)

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