6 results

Within the Project Eagle portfolio the top 55 properties accounted for £900m. Illustration: The Irish Times/Getty Images

Nama blocked potential bidders for its Northern Ireland loans from hiring local agencies to value the properties against which the debts were secured(...)

Comptroller and Auditor General Séamus McCarthy: Critical of  Nama’s sale of the Project Eagle loans to Cerberus. Photograph: Frank Miller

Nama had already decided to sell its Northern Ireland loans to US company Cerberus before it learned of a potential conflict of interest involving th(...)

Northern Ireland’s then minister of finance and personnel, Sammy Wilson, was critical of the agency  publicly “auctioning” the portfolio. Photograph: Arthur Allison/Pacemaker

Political pressure led Nama to limit the information it gave potential buyers for Project Eagle, deterring some companies from bidding for the loans,(...)

Frank Cushnahan:  well known in Belfast business circles, he knew many of Nama’s big debtors. Photograph: Press Eye

US-based Cerberus Capital’s purchase in 2014 of the National Asset Management Agency’s (Nama) Northern Ireland loans for £1.241 billion (€1.593 billio(...)

Greek deputy finance minister Dimitris Mardas (front left) and Greek finance minister Yanis Varoufakis (front centre)  in the parliament in Athens on Monday, February 9th.   Photograph: EPA

As a week of crucial talks between Greece and the rest of Europe gets underway, the Government is being pressed to clarify exactly what its position i(...)

Britain’s chancellor George Osborne and Lloyds Banking Group chief executive Antonio Horta-Osorio address staff at a Lloyds Contact Centre in Birmingham, after discussing the sale of a 6 per cent stake in the banking group. Photograph: Joe Giddens/Reuters

A profit of £61 million on £3.2 billion worth of shares may not seem much to shout about, but the UK government’s sale of the first tranche of its sta(...)