Cerberus

Cerberus companies collect €33m on Irish debts

Accounts show investment fund subsidiaries paid off lenders

Wed Oct 02 2024 - 06:00

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

Fri Jun 14 2024 - 06:00

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

Wed Nov 15 2023 - 11:01

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

Wed Apr 05 2023 - 18:29

Court overturns ruling in land certificate case

Legal sources say the original High Court decision could have erased the security for ‘hundred of loans’

Wed Apr 05 2023 - 05:00

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

Mon Feb 13 2023 - 15:58

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

Tue Jan 17 2023 - 18:17

Cerberus subsidiary collects €914,000 on loans before wind-up

Vulture fund’s company Promontoria Ram 2 faces liquidation after clearing liabilities

Tue Dec 13 2022 - 19:20

Twitter deal leaves Elon Musk with no easy way out

Simply abandoning the $44bn transaction is not an option

Thu May 19 2022 - 14:10

McCanns’ Balmoral settles Cerberus debt at 16% discount

Property company has paid €48 million to US investment firm, annual report indicates

Tue May 10 2022 - 05:43

Investigation into Nama loan sale extended for another three months

Sale of State agency’s Northern Ireland loans has been under investigation since 2017

Fri Mar 11 2022 - 19:53

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

Thu Feb 17 2022 - 11:00

Cerberus collects $631m on German shipping loans housed in Dublin firm

US investor uses Ireland as hub for distressed property assets from across Europe

Sat Oct 09 2021 - 06:26

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

Mon Aug 30 2021 - 20:41

HSBC says US remains vital market despite retail exit

Reassurance comes a day after the bank sells its US retail banking business

Fri May 28 2021 - 15:31

HSBC profit rises 79% as vaccine rollout sparks improved outlook

Bank releases $400 million it had set aside to cover pandemic-induced bad loans

Tue Apr 27 2021 - 07:33

Arizona firm to buy Irish subprime loans at 75% discount

Goldman Sachs is selling the portfolio of mortgages in arrears to Balbec Capital

Wed Apr 14 2021 - 05:05

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’

Thu Feb 18 2021 - 18:40

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

Wed Feb 17 2021 - 21:52

Dublin-based Depfa to be bought by Austria’s Bawag

Bank expects to make money by running down former public sector lender

Mon Feb 15 2021 - 13:22

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

Thu Feb 11 2021 - 16:58

PTSB circles Ulster Bank SME business as decision looms

Parent group NatWest looking to wind down Irish unit as part of strategic review

Fri Jan 29 2021 - 05:00

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

Tue Jan 19 2021 - 05:14

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

Tue Dec 08 2020 - 16:57

Donohoe has no formal power to prevent Ulster Bank loan sell-off

Minister meets union amid speculation over bank’s operation in Republic

Mon Dec 07 2020 - 19:41

Irish banker was tapped to head Deutsche Bank board

Cerberus floated Morgan Stanley veteran Kelleher’s name in effort to oust Achleitner

Thu Dec 03 2020 - 16:08

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

Fri Nov 27 2020 - 05:21

AIB revives €1bn-plus problem mortgages sale

Some family home loans earmarked to be taken over by ‘ethical’ entities

Fri Nov 27 2020 - 05:01

Ulster Bank tells ‘deeply concerned’ Minister no decision yet on future

Virtual meeting with Paschal Donohoe as bank considers wind-down

Wed Oct 21 2020 - 16:24

Ulster Bank to meet Paschal Donohoe to discuss bank’s future

Parent company NatWest is considering winding business down

Tue Oct 20 2020 - 18:56

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

Fri Oct 16 2020 - 11:11

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

Fri Oct 16 2020 - 11:10

ECB plots Amazon-style website to sell soured Covid loans

Move would widen market beyond so-called vulture funds

Wed Sept 23 2020 - 16:06

Boom-time subprime lender Stepstone enters liquidation

Firm’s remaining mortgage portfolio sold at steep discount to US company Cerberus in 2018

Mon Sept 07 2020 - 15:18