Ulster Bank €1.4bn home loans sale sparks row

Confirmation that Ulster Bank has struck terms with a vulture fund for a major sale of its troubled mortgages with a face value of €1.4bn has reignited the debate over loan sales by Irish banks, with debt advocates again questioning if regulators should insist lenders writedown debt rather than selling on loans.

Ulster Bank €1.4bn home loans sale sparks row
Tue, 14 Aug, 2018 - 07:30

By Eamon Quinn

Confirmation that Ulster Bank has struck terms with a vulture fund for a major sale of its troubled mortgages with a face value of €1.4bn has reignited the debate over loan sales by Irish banks, with debt advocates again questioning if regulators should insist lenders writedown debt rather than selling on loans.

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