Pimco denies it was forced out of Project Eagle by Nama

A senior Nama official told the original bidder for the Northern Irish loan book, US firm Pimco, that some other way could be found to stay in the process, despite the emergence of controversial 'fixer' fees, writes Irish Examiner Political Editor Daniel McConnell.

Nama executive Ronnie Hanna played a key role in forcing US company Pimco out of the Project Eagle bidding race – after details of a £15 million “success fee” emerged.