‘Friendly vulture’ has another €1bn in war chest after AIB debt buy
Home Solutions Initiative group says the move gives other banks the chance to cleanse their balance sheets of arrears
The consortium that acquired a portfolio of distressed mortgages in a “friendly vulture fund” purchase from AIB has said it has up to €1 billion to spend acquiring loans from banks and other institutions.
The group is in talks with a number of other parties about similar transactions including from banks and other investment funds that have already bought distressed debt.
Cathal O’Leary, director of Arizun Asset Management, one member of the Home...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
KBC’s shock exit strategy was months in the making
It was not just the unfortunate staff who were caught by surprise last Friday by news of a BOI takeover. The plan was a secret to all but a select few at the two banks
Bank of Ireland replaces Ulster Bank as Irish member of global bank network
BOI says IBOS membership will allow it to bring more foreign direct investment into Ireland
Bank of Ireland move allows asylum seekers to open accounts
From next month, the bank will become the first in the country to accept state ID documents from people who want to open accounts