Bank sells Irish home loans to US ‘vulture’

The bank is giving customers just 90 days notice of the sale The Irish subsidiary of Royal Bank of Scotland (RBS) Ulster Bank is to sell 5,200 of its ‘non-performing’ mortgages – worth €1.4 billion – to vulture fund Cerberus Capital Management LP. The bank said it does not contain any performing home loans or … Continue reading Bank sells Irish home loans to US ‘vulture’