Sale includes commercial property debt and small-business loans, mostly in arrears or a recovery process
Cerberus
Company likely to be wound down next year even as deadline for final report into controversy surrounding original purchase of loans is extended again
Legal sources say the original High Court decision could have erased the security for ‘hundred of loans’
Everyday Finance DAC is seeking judgment against the investors who availed of a tax incentive scheme to buy apartments at Grove Island
Lawyers seek compensation of at least £150m for loans sold on after lender collapsed
Vulture fund’s company Promontoria Ram 2 faces liquidation after clearing liabilities
Simply abandoning the $44bn transaction is not an option
Property company has paid €48 million to US investment firm, annual report indicates
Sale of State agency’s Northern Ireland loans has been under investigation since 2017
US presence has grown over the years as their financial firepower makes impact
US investor uses Ireland as hub for distressed property assets from across Europe
Cerberus’s purchase of loans for €1.6m in 2014 became the subject of parliamentary inquiries on both side of the Border
Reassurance comes a day after the bank sells its US retail banking business
Bank releases $400 million it had set aside to cover pandemic-induced bad loans
YOU MAY ALSO LIKE...
How does a post-Brexit world shape the identity and relationship of these islands
Inquests into the nightclub fire that led to the deaths of 48 people
Weddings, Births, Deaths and other family notices