Banks told vulture funds not the only option for debt sell-off

Irish banks are not being forced to sell off non-performing home loans and have tools available to them other than portfolio sales to bring down their levels of soured debt, senior regulatory sources have said.

It is understood that while European authorities want Irish banks to bring down non-performing mortgage debt, no diktat was issued that specified sales of portfolios. The sources said that banks were urged to look at intensifying their engagement ...