Cerberus

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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 (...)

AIB said  the €140 million gain was related solely to the sale of the loans. Photograph: Alan Betson

AIB says it is comfortable with the way in which it accounted for a €140 million profit on the €1.1 billion sale of a group of bad loans to US company(...)

Did AIB take advantage of new accounting rules  to artificially boost profits? Photograph: Cyril Byrne/The Irish Times

The sale by Allied Irish Banks of € 1.1 billion of problem loans to a consortium led by Cerberus Capital has raised questions over whether the bank t(...)

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(...)

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