S&P said in a report last week that 25.7 per cent of Irish reperforming loans held in residential mortgage-backed securities deals were behind in repayments at the end of December
Group manages up to 100,000 mortgages on behalf of investment funds
Portfolio, dubbed Project Sycamore, is expected is mainly made up of deep-in-default commercial property loans
Company commences recruitment with headcount set to reach 600 by year end
US presence has grown over the years as their financial firepower makes impact
Lender strongly refutes accusation, claims it has offered staff generous redundancy terms
Lender is also in process of selling remaining €9.2bn of Irish loans to Bank of Ireland
Almost 300 Ulster Bank staff have left the exiting lender this year
‘Don’t leave it to the last minute’ is advice to existing customers
Belgian-owned lender has never recognised Irish unions
Portfolio includes loans deep in arrears and restructured debt underpinned by eased terms
Analyst tells clients to expect further nonperforming loan sales in coming months
CarVal to acquire non-performing loans as bank advances plans to exit the Irish market
CEO eyes 100-plane fleet as firm cashes in on opportunities created by Covid travel bans
Patrick Kearney lawsuit comes at sensitive time as suitors bid for stockbroking firm
Goldman Sachs is selling the portfolio of mortgages in arrears to Balbec Capital
Staff anger ‘palpable’ at perceived golden circle following €4.1 million fine by regulator
Pressure bears down on stockbroker shrouding itself in ‘vague’ details of scandal
Regulator finds State’s largest stockbroker broke rules and then withheld information
Top figures at stockbroking firm involved in bond deal that fell foul of conflict of interest rules
Case relates to handling of subordinated bonds sale in 2014
Lone Star and Pepper Ireland among firms joining plan for customers hit by Covid-19
Carval one of a number of funds that took over bubble-era property loans in Republic
Analysis of High Court cases shows Irish banks have scaled back on seeking debt rulings
US fund has more than €400,000 of security on Mansfield’s property near Citywest
Australian non-bank lender is being bought by US private equity firm KKR
Seen & Heard: accidental landlords, solar farm, Carton House and Garda cultural audit
State may have lost billions of euro as a result of fire sales of Nama loans to US companies
Most vulture fund efforts to influence tax clampdown do not need to be declared
Private equity firms and hedge funds had smelt blood in 2010 as State entered bailout
State-owned bank four times as likely as Bank of Ireland to seek summary judgments
Seen and Heard: Citi prepares to move 900 jobs to Dublin; no January sales in TVs for UK
Appointments bring experience in aviationleasing and finance to company
Crosswords & puzzles to keep you challenged and entertained
Get the latest news, analysis and match reports from the M6N and W6N championships
How does a post-Brexit world shape the identity and relationship of these islands
Weddings, Births, Deaths and other family notices
