Friday September 25, 2020

Revealed: the Swiss bank that refused to disclose IBRC fees

UBS, the Swiss financial titan, has tried to block a move by the special liquidators of the IBRC to disclose how much money it had been paid for advising on the liquidation of the former Anglo Irish Bank.

22nd March, 2015
The big earners.

The firm was paid €3.75 million for work advising on the loan sales process, but did not provide permission to the special liquidators, KPMG, to release its name.

The liquidators released a detailed breakdown outlining how much each professional services firm had been paid for work on the liquidation nine days ago. One firm did not consent to the release of its name, and was referred to in the documents as “Valuer A”.

...

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.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The state’s National Cyber Security Centre is constantly dealing with suspected attacks and urgently needs more resources

Michael Brennan | 1 week ago

We are far less reliant on the UK as a trading partner now than in previous decades — our focus needs to switch to the many challenges and opportunities of the future

Neale Richmond | 1 week ago

Covid-19 and an economic crisis are exacerbating the trauma of this month’s explosion, writes a Concern worker on the ground

Dom Hunt | 1 month ago