RBS shrinks Irish arm with sale of £4.8b property debt


ROYAL Bank of Scotland (RBS) has sold £4.8 billion (S$9.85 billion) of Irish property loans to US private equity firm Cerberus, shedding a big chunk of problem loans under its plan to shrink its business in Ireland.

Cerberus made a second big bet on Tuesday on a recovery in United Kingdom and Irish...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to