Royal Bank of Scotland Group, owner of Ulster Bank, agreed to sell Irish property loans at a discount to a unit of Cerberus for as much £1.1 billion. The loans have a face value of about £4.8 billion, RBS said in a statement.
“The scale of the deal serves as a reminder of the healthy appetite for Irish loan assets at this time. We expect to see further material disposals of Irish loan assets and...
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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