AIB is planning a purge of its non-performing 1.8 billion loan book, triggering fears among borrowers that their loans may be offloaded to vulture funds in advance of the bank’s privatisation.
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The US investment bank Goldman Sachs is believed to have made a dramatic late entry in the bidding for Danske Bank’s 1.8bn book of performing loans, teaming up with fellow bidder Pimco, an.
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Wall Street giants split over outlook for stocks. Contest for Danske Bank’s loan book highlights demand for bank assets in Europe. Bank of Ireland to restart dividend payments for first.
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