Ulster Bank to sell 5,200 mortgages, worth €1.4bn, to Cerberus

Ulster Bank is to sell 5,200 non-performing mortgages to affiliates of so-called vulture fund Cerberus for €1.4 billion.

Ulster Bank to sell 5,200 mortgages, worth €1.4bn, to Cerberus
Mon, 13 Aug, 2018 - 16:12

More than €1.4bn worth of Ulster Bank loans are to be sold to a US vulture fund.

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CourtsPlace: USPerson: Michael McGrathPerson: McGrathPerson: Sinn FeinPerson: TDPerson: David CullinanePerson: CullinanePerson: Finance MinisterPerson: Paschal DonohuePerson: Michael NoonanEvent: Summer of the VulturesOrganisation: Ulster BankOrganisation: Cerberus Ulster BankOrganisation: CerberusOrganisation: Cerberus Capital ManagementOrganisation: Cerberus Capital Management LPOrganisation: Fianna Fáil
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