Monday July 6, 2020

Can Nama be the next IBRC?

The sale of the former Anglo Irish Bank has been a success. Can Nama repeat the trick?

6th April, 2014
Anglo Irish Bank. Picture: Bloomberg

Nama has been waiting in the wings for much of the past 14 months, readying itself for a potential flurry of new business. Ever since the government stunned the financial markets in February 2013 by announcing the immediate liquidation of the former Anglo Irish Bank, Nama has been on high alert.

The state agency was the designated backstop of the masterplan, mandated to take over whatever the liquidators could not flog during the rapid fire wind down...

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