UKAR is winding down the loans of Northern Rock and Bradford & Bingley, which were nationalised during the financial crisis of 2007 to 2009

Britain’s ‘bad bank’ has sold £13 billion of loans once held by former mortgage lender Northern Rock to US private equity firm Cerberus , marking the (...)

Stormont in Belfast. Mr Kearney said the Belfast Executive should have bought the loans portfolio, which had a par value of £4.5 billion, when it was sold to Cerberus Capital Management for £1.2 billion last April

Did the Northern Ireland Executive squander an opportunity to acquire the Nama loans portfolio in the North and consequently lose out on a once-in-a-l(...)

The Stormont Inquoury into the sale of Nama properties in Northern Ireland heards from developer Paddy Kearney.

“Nama did in three years without firing a shot what the terrorists couldn’t do in 50 years,” property developer Paddy Kearney said when giving evidenc(...)

The Treasury Building, home to Nama, in Dublin. Photograph: Eric Luke / The Irish Times

The key architects of the deal that ultimately became Nama’s sale of its Project Eagle loans to US investor Cerberus last year were accountant David W(...)

Frank Cushnahan: Nama said he  never disclosed any interest to it relating to Pimco or its attempts to buy the loan portfolio. Photograph: Press Eye

Belfast businessman Frank Cushnahan was directly engaged in a plan to sell Nama’s Northern Ireland loans, that would involve a £15 million (€20.4 m(...)

The Public Accounts Committee has agreed to invite the Minister for Finance Michael Noonan to appear before them regarding the sale of Project Eagle. Photograph: Alan Betson / The Irish Times

The Public Accounts Committee has agreed to invite the Minister for Finance Michael Noonan to appear before them regarding the sale of Project Eagle. (...)

Northern Ireland First Minister Peter Robinson with Taoiseach Enda Kenny:  Cerberus wrote the letter ahead of a meeting between the company, Mr Robinson, his special adviser and the north’s then Minister of Finance, Simon Hamilton. Photograph: Alan Betson

US investor Cerberus told Northern Ireland’s First Minister, Peter Robinson, that it would write down developers’ €6 billion debts and cancel person(...)

Nama has urged Mick Wallace to engage with the agency.  Photograph: Eric Luke / The Irish Times

State agency Nama has told independent TD Mick Wallace that there is not a “shred of evidence” for his claim that an insider collaborated with US c(...)

Nama chairman  Frank Daly:   the loan sales process was well-managed and competitive

The National Asset Management Agency’s chairman Frank Daly has accused Wexford TD Mick Wallace of a “serious misrepresentation of the facts” in relati(...)

Independent TD Mick Wallace said Cerberus bought the portfolio, known as Project Eagle, for approximately 27 pence on the pound. Photograph: Eric Luke

Independent TD Mick Wallace has claimed “fixers fees” of €45 million were paid out during the controversial sale by Nama of its Northern Ireland loa(...)

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