Posts Tagged ‘AIB’
Loan Sale – What does this mean?
With the recent controversy surrounding Ulster Bank’s sale of 5,200 ‘non-performing’ home loans, the topic of loan sales comes to the fore. People whose loans with the likes of AIB, First Trust and Ulster Bank have been sold would have been notified by letter that their loan had been bought by third parties such as: Everyday…
Read MoreThe Recession, ten years on: how are we affected?
The recession, ten years on: how are we affected? The recession began as just another financial crisis on Wall Street. There was an issue with subprime mortgages in America—mortgages given to people who looked to be high-risk lenders, with difficulty maintaining a repayment schedule—which became a bigger and bigger issue as more and more people…
Read MoreAIB Loan Sale: €1.8bn Purge to Vulture Funds
AIB Plans €1.8bn in Loan Sale to Cerberus and other Vulture Funds The Irish Times recently reported that the private equity firm Cerberus, ironically named after the mythical three-headed dog guarding the gates of Hades, is moving forward in potentially purchasing some of AIB’s loan book. AIB is planning a purge of its non-performing €1.8 billion loan…
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