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.(...)

European stock bourses sustained a blow on Thursday on fresh jitters over US-China relations after Asian markets suffered. Photograph: Spencer Platt/Getty Images

A global stock market slump wiped €2.5 billion off Irish stocks on Thursday as Ireland’s main stock index fell 3.11 per cent. Markets tumbled after (...)

The Tifco group owns 18 hotels, as well as sites for two new hotels in Dublin, and manages a number of other high-profile hotels around the State, including the Clontarf Castle in Dublin.

After years of strong turnover in the hotel investment market from distressed Nama-driven sales, 2018 was a “normal” year for hotel transactions. It’s(...)

PTSB chief executive Jeremy Masding has repeatedly said this year that the bank had run out of options as it came under regulatory pressure to lower its NPLs. Photograph:  Eric Luke

US investment powerhouse Pimco has been lined up to buy the rights to most of the income from a portfolio of €1.3 billion of problem home loans that P(...)

US president Donald Trump. Photograph: Mandel Ngan/AFP/Getty Images

News that US president Donald Trump will meet his Chinese opposite number Xi Jinping at a G20 summit eased fears of a trade war and steadied European (...)

CRH chief executive Albert Manifold in the Roadstone Cement Quarry in Dublin. The company’s share price has been battered in recent months. Photograph: Cyril Byrne

A day after Ireland’s largest plc published its latest quarterly update, Mary Rhinehart, who only joined the board last month, stumped up $27,340 for (...)

Goldman’s spokesperson said it would be wrong to characterise the meeting with Jho Low as “one-on-one”, adding: “Mr Blankfein does not recall any one-on-one meeting with Mr Low, nor have we seen any record to suggest such a meeting occurred.”

The fallout over Goldman Sachs’ involvement in the vast 1MDB fraud deepened on Thursday, after the bank said its former chief executive met with the m(...)

Sterling has steadied this week above $1.28 after dropping 1.1 per cent last week. Photograph: Phil Noble/Reuters

As UK Prime Minister Theresa May shakes off the threat of a leadership crisis, the pound is getting a chance to catch its breath. With rebels in May’(...)

Apple was down another 4 per cent on Tuesday putting it on track for its worst month in 10 years following reports it had cut production orders for all three new iPhones. Photograph: Josh Edelson/ AFP/Getty Images

Technology stocks led sharp losses on Wall Street for the second straight session as a sell-off in the sector spread out across global markets and wip(...)

Clontarf Castle in Dublin, which is operated by the Tifco hotel chain.

Documents compiled for Tifco, the State’s second-largest hotel group, suggest US distressed assets fund, Apollo Global, recently bought the company fo(...)

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