Cerberus winds up company that bought Project Eagle loans in NI from Nama
US investor Cerberus appoints liquidators to project eagle company
Cerberus
AIB and PTSB offload bad loan portfolios to US distressed debt firms
Deal comes days after PTSB formally put itself up for sale
Cerberus among bidders for portfolio of AIB problem loans totalling €500m
Mortgages in default and debt from Covid pandemic among borrowings set to be sold at steep discount
Firm behind Project Eagle loan portfolio to be wound up
Directors expect to collect outstanding loans in next 12 months
Project Eagle was far from Nama’s finest hour
The febrile post-Troika atmosphere contributed to the contentious decision to proceed with the sale of its Northern Irish portfolio after the leading bidder pulled out
Michael Noonan and civil servants have last laugh after PAC criticism
Commission of Investigation into Project Eagle deal with Cerberus backed Nama conduct and valuation of Northern Ireland developers' loans
Cerberus companies collect €33m on Irish debts
Accounts show investment fund subsidiaries paid off lenders
Gareth Graham of BCF: Banks won’t lend to SMEs and ‘that has provided an opportunity across the island of Ireland for us’
Gareth Graham, founder of Belfast Commercial Funding, wants to make his firm the biggest non-bank lender to small businesses across the island
AIB sheds most remaining crisis-era problem loans to Cerberus for €100m
Sale includes commercial property debt and small-business loans, mostly in arrears or a recovery process
Cerberus firm to collect on last Project Eagle loans this year
Company likely to be wound down next year even as deadline for final report into controversy surrounding original purchase of loans is extended again
Court overturns ruling in land certificate case
Legal sources say the original High Court decision could have erased the security for ‘hundred of loans’
Fund suing 10 investors it says owe €2.4m over 2009 loan refinancing
Everyday Finance DAC is seeking judgment against the investors who availed of a tax incentive scheme to buy apartments at Grove Island
Northern Rock mortgage holders take legal action over interest rate charges
Lawyers seek compensation of at least £150m for loans sold on after lender collapsed
Cerberus subsidiary collects €914,000 on loans before wind-up
Vulture fund’s company Promontoria Ram 2 faces liquidation after clearing liabilities
Crosswords & Puzzles
Crosswords & puzzles to keep you challenged and entertained
Stardust
Inquests into the nightclub fire that led to the deaths of 48 people
Common Ground
How does a post-Brexit world shape the identity and relationship of these islands
Family NoticesOpens in new window
Weddings, Births, Deaths and other family notices