AIB and US vulture fund Cerberus are squeezing distressed borrowers at a rate significantly higher than their competitors, a Sunday Business Post analysis has revealed.
Data on receiverships compiled by this newspaper show that Cerberus was the most active financial institution in terms of enforcing the security it holds over business borrowers in the state over the last two years.
Acting through six subsidiaries, the multi-billion euro fund has installed receivers over 154 Irish businesses....
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Team Pass
Get a Business Account for you and your team