AIB is to sell €1bn worth of non-performing loans toto Everyday Finance, an affiliate of Cerberus Capital Management.

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

There have been calls for government intervention over fears that a growing number of farms could come under threat of repossession due to the loans linked to them being bought by so-called vulture funds.

Fianna Fáil has been accused of a U-turn on demanding a commission of investigation into the sale of Nama’s northern portfolio.

The biggest buyer of soured real-estate debt in Europe says disposals of non-performing loans from across the continent’s banks and governments will continue until at least 2021.

Nama chiefs will be hauled before the Dáil’s public spending watchdog on Thursday to address growing concerns about a controversial cut-price deal — linked to a secret €9.8m off-shore account scandal — that saw properties sold for €4bn less than their initial value.

Fianna Fáil has added its voice to that of independent TD Mick Wallace and other opposition TDs in calling for an inquiry into the sale by Nama of a huge bundle of €5.7bn loans to a US equity fund, as more questions were raised yesterday about the transaction.

NEARLY every parish in Ireland has a version of Independent TD Mick Wallace’s startling Dáil revelations about the sale in 2014 to Cerberus Capital Management of Nama’s Northern Ireland loan book. 

Nama has stood behind the sale of £4.5bn (€6.3bn) loans in the North, saying it remains fully satisfied that taxpayers got the best possible price in a deal struck with Cerberus Capital that was completed last year.

Permanent TSB plans to raise €525m of capital to bolster its balance sheet after failing European stress tests last year.

A subsidiary of US private equity firm Cerberus Capital Management has bought a significant proportion of Royal Bank of Scotland’s remaining Irish property loan portfolio for £1.1bn (€1.38bn), a near 80% discount on the combined gross value of the assets.

The first phase in a project to convert waste in the Cork region into alternative products "in a safe and efficient manner" was unveiled to customers of waste management company Greenstar yesterday following a €10m investment.

A total of €1.7bn in capital has been invested in Irish real estate this year, including direct investment of €800m.

Deloitte & Touche earned over €1.4m for overseeing the receivership of waste firm Greenstar.

Smartphone maker BlackBerry has abandoned its bid to sell itself and is replacing its chief executive.

A buyer has been found for the Dublin-based waste management business Greenstar eight months after the company entered receivership.

US President Barack Obama wants "concrete proposals" to curb gun violence by the end of next month in the aftermath of the Newtown school massacre.

President Barack Obama is “actively supportive” of reinstating an assault weapons ban, the White House said, as the United States wrestled with the treacherous issue of gun control in the aftermath of the Connecticut primary school massacre.

Students returned to school in the shattered Connecticut town of Newtown for the first time since a gunman’s rampage killed 26 people in an elementary school, altering the gun control debate in Washington and forcing a retailer to pull guns from shelves.

The powerful US gun lobby felt the first backlash from the Newtown massacre today when a leading private equity group decided to sell its stake in the company that made the killer’s assault rifle.

AIB’s attempt to offload a portfolio of British-based property loans valued at €245m has been revived after an earlier deal collapsed at the start of the week.

Chrysler’s lenders are resisting efforts to convert most of the car maker’s debt to equity, it was reported today.

Wall Street staged a big advance in the penultimate session of 2008 today after Washington’s latest lifeline to the car industry bolstered hopes that the US government will do whatever is necessary to cut short the recession.

DaimlerChrysler today announced the €5.5bn sale of its loss-making Chrysler operation to a US private equity group.

The prospect of a bidding war for Vodafone’s Japanese unit kept the mobile phone group’s shares on the recovery trail today.