How to deal with a vulture fund: deals can be done
Vulture funds are commercial entities and want to make money
For the almost 90,000 mortgage borrowers in arrears, and for thousands of business borrowers with problem debt, it is no longer their bank that they need to worry about, as vast tranches of Irish debt are now owned by so-called vulture funds.
As major international funds and private equity giants snapped up Irish loan books in recent years, the government came under pressure to legislate to ensure that borrowers were protected. As a result, in July...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures