Vulture fund Cerberus to acquire Wallace loans

20th September, 2015
Mick Wallace has criticised Nama’s activities in the Dáil and on Twitter – the latter getting him in hot water, as reported by this newspaper last week. Picture: Collins

Cerberus, the New York vulture fund at the centre of a storm of controversy over the purchase of Nama’s Northern Irish loan book, is set to acquire the loans of Mick Wallace, the Wexford TD who made allegations relating to the deal in the Dáil.

It is understood that Cerberus is buying a loan book from ACC Bank, the subsidiary of Dutch lender Rabobank which lent heavily into the Irish property...

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