Noonan warned of Nama losses in North

5th July, 2015

Michael Noonan, the Minister for Finance, was warned in March 2012 by his special advisory group on the National Asset Management Agency (Nama) that the prospects of selling its multibillion Northern Irish property portfolio were “not good.”

In “commercially sensitive” minutes of a meeting of the group chaired by former HSBC boss Michael Geoghegan, Noonan was told: “Northern Irish property market is not in good shape and the prospects for disposing assets at good...

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