Cerberus companies collect €33m on Irish debts
Accounts show investment fund subsidiaries paid off lenders
Cerberus
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
Twitter deal leaves Elon Musk with no easy way out
Simply abandoning the $44bn transaction is not an option
McCanns’ Balmoral settles Cerberus debt at 16% discount
Property company has paid €48 million to US investment firm, annual report indicates
Investigation into Nama loan sale extended for another three months
Sale of State agency’s Northern Ireland loans has been under investigation since 2017
The US factor driving valuations to record levels in Irish M&A market
US presence has grown over the years as their financial firepower makes impact
Cerberus collects $631m on German shipping loans housed in Dublin firm
US investor uses Ireland as hub for distressed property assets from across Europe
Company used to buy Project Eagle loans from Nama records profit of £105,960
Cerberus’s purchase of loans for €1.6m in 2014 became the subject of parliamentary inquiries on both side of the Border
HSBC says US remains vital market despite retail exit
Reassurance comes a day after the bank sells its US retail banking business
HSBC profit rises 79% as vaccine rollout sparks improved outlook
Bank releases $400 million it had set aside to cover pandemic-induced bad loans
Arizona firm to buy Irish subprime loans at 75% discount
Goldman Sachs is selling the portfolio of mortgages in arrears to Balbec Capital
PTSB and AIB set to disclose Ulster Bank loan book talks
State holds majority share in both banks and may see PTSB as ‘third force’
Ulster Bank set to exit Irish market after more than 160 years
Goldman Sachs engaged with number of parties interested in elements of loan book
Dublin-based Depfa to be bought by Austria’s Bawag
Bank expects to make money by running down former public sector lender
Austrian lender Bawag emerging as frontrunner to acquire Dublin-based Depfa
Depfa is former unit of Hypo Real Estate, which was bailed out in Germany
PTSB circles Ulster Bank SME business as decision looms
Parent group NatWest looking to wind down Irish unit as part of strategic review
Kenmare hotel not ‘at your service’ until June, says John Brennan
Five-star Park Hotel owned by celebrity hoteliers closed since October due to Covid-19
NatWest using Covid as ‘cover’ for Ulster Bank review, FSU says
Ulster Bank, Central Bank refuse to appear before Oireachtas committee on bank’s future
Donohoe has no formal power to prevent Ulster Bank loan sell-off
Minister meets union amid speculation over bank’s operation in Republic
Irish banker was tapped to head Deutsche Bank board
Cerberus floated Morgan Stanley veteran Kelleher’s name in effort to oust Achleitner
White knights or loan book cannibals – what will happen at Ulster Bank?
Yet another review likely to decide if lender has a future in Irish market
AIB revives €1bn-plus problem mortgages sale
Some family home loans earmarked to be taken over by ‘ethical’ entities
Ulster Bank tells ‘deeply concerned’ Minister no decision yet on future
Virtual meeting with Paschal Donohoe as bank considers wind-down
Ulster Bank to meet Paschal Donohoe to discuss bank’s future
Parent company NatWest is considering winding business down
Union ‘gravely concerned’ at reports of Ulster Bank sale to Cerberus
Financial Services Union says it has written to Ulster Bank parent Natwest over plans
Cerberus eyes Ulster Bank’s €20.5bn loan book in the Republic
Lender’s UK parent NatWest said to be actively considering exiting the market
ECB plots Amazon-style website to sell soured Covid loans
Move would widen market beyond so-called vulture funds
Boom-time subprime lender Stepstone enters liquidation
Firm’s remaining mortgage portfolio sold at steep discount to US company Cerberus in 2018
Project Eagle: What was it and why is it in the news?
Two men face charges following an investigation by the UK National Crime Agency
Bank of Ireland long-fingers problem mortgages sale amid Covid-19 crisis
Growing economic uncertainty cools international investor interest
PTSB mortgage holders in arrears face shorter Covid-19 payment breaks
Bank offering interim arrangements of two months’ payment holidays for arrears cases
AIB postpones €1.3bn problem mortgages sale amid Covid-19 crisis
Distressed debt firms Lone Star and Cerberus thought to be interested in purchase
Former publican in Cork has €2.4m in debts written off
Court approves personal insolvency case reducing home mortgage by €170,000
Mick Wallace to appear on behalf of Jamie Bryson in Nama case
‘I’ve plenty to say about Nama and how the exposing of that was in the public interest’
Preparing for a happy marriage
Failing to prepare really is preparing to fail when it comes to mergers and acquisitions
Government grants extension to Project Eagle inquiry
Sale of mostly Northern loans by Nama mired in controversy
‘Vulture’ funds file 35 authorisation applications with Central Bank
New law requires owners of Irish mortgages to be regulated
Quanta Capital pays over €40m for Dublin 4 office block
Shelbourne House set for demolition and redevelopment following sale by Cerberus
AIB to sell €850m non-performing loan portfolio to Cerberus at 18% discount
A limited number of the loans are understood to be owner-occupier residential properties
Former AIB CFO plans €800m Portuguese assets and loans sale
Mark Bourke took over as finance head at Novo Banco earlier this year
Ireland is second biggest problem loan sales market in Europe
Lenders in Ireland sold €6.2bn of loans, second only to Italy’s €6.5bn
‘Croke Park of people will lose their homes’ - warning in wake of loan sale
People in danger of losing home are ‘hidden homeless’, says David Hall
Ulster Bank to sell €900m in mortgages
More than 3,000 home owners to be affected, plus 400 buy-to-let loans
How big landlords in Ireland minimise their tax bills on rental properties
No stamp duty, no CGT and no corporation tax: how Irish tax regime benefits Section 110s, Reits and Icavs over smaller landlords
Vulture fund wanted firefighter’s mortgage paid from child benefit
High Court overrules fund’s objections and writes €70,000 off firefighter’s mortgage
Ulster Bank sets aside money for Central Bank fine over trackers
RBS-owned lender reiterates plans to sell another portfolio of problem loans this year
AIB warns of further tracker-mortgage scandal costs
Bank has set aside €265m to cover tracker refunds, compensation and other costs
YOU MAY ALSO LIKE...
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