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Company to buy foreign banks' bad Irish loans (Reuters via Yahoo! UK & Ireland News) |
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A new privately-backed fund management company will be launched shortly to buy distressed property loans from the Irish subsidiaries of foreign-owned banks, The Irish Times reported on Saturday.
Time's up for troubled loans (Crain's New York Business)
Four months after he quietly told lenders that he expected to default on loans on two of his buildings, Joseph Moinian is about to find out if he can hold on to them.
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R80m Ithala loans unlikely to be recovered (Pretoria News)
Nearly R80 million in loans and advances from the publicly funded Ithala Development Bank seem irrecoverable, in respect of results prepared for its 2008/09 financial year.
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