Ulster Bank faces slew of cases over loans sold to vulture funds

Ulster Bank is facing an avalanche of court actions from borrowers who claim the bank stripped away key protections from them, enabling their loans to be sold to vulture funds.

The Sunday Business Post has learned that a group of former Ulster Bank borrowers and their advisers are preparing court actions which will argue that when the British-owned lender restructured distressed debts, they also removed a clause within the loan documentation which stipulated ...