TITLE

Treasury works on RBS 'bad bank' plan

PUB. DATE
February 2009
SOURCE
EG: Estates Gazette;2/14/2009, Issue 906, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that European governments were working on plans to shore up some of commercial property's largest and most important lenders. The British government is working on a plan to transfer Royal Bank of Scotland loans and financial instruments into a separate bad bank vehicle. The Irish government also stepped in to recapitalise Allied Irish Bank and Bank of Ireland, which have property and construction loan books of £47 billion and £38 billion, respectively.
ACCESSION #
36865336

 

Related Articles

  • Eyes down for UK firms as Riva Gaming sheds £100m of debt. Chellel, Kit // Lawyer;5/4/2009, Vol. 23 Issue 18, p10 

    The article reports on the approval of bingo operator Riva Gaming Group to the debt-for-equity swap with lenders in Great Britain in 2009. Riva has agreed with its lenders like Royal Bank of Scotland (RBS), Bank of Ireland and Allied Irish Banks PLC to offer them total control of the company in...

  • CYNICISM RULES. Buckley, Donal // EG: Estates Gazette;9/23/2006, Issue 638, p181 

    The article focuses on responses to the sale-and-leaseback of the branches of the Bank of Ireland and Allied Irish Banks in Ireland (AIB). They deny claims that the sell-offs reflect a belief among bankers that the real estate market has peaked. The banks plan to release capital to generate...

  • Irish to Update Bank Rescue Efforts.  // American Banker;3/30/2010, Vol. 175 Issue 48, p16 

    The article reports on the Irish government's 2010 plans to offer financial assistance to failing banks in the country, including Allied Irish Banks PLC and Bank of Ireland PLC.

  • AIB sees bad loans soar in Irish market.  // EG: Estates Gazette;5/16/2009, Issue 919, p30 

    The article reports on the warning issued by Allied Irish Bank regarding a possible rise in bad commercial porperty loans during the first quarter of 2009. In an interim management statement, the company noted that impaired or vulnerable loans on its watch list rose by €9 billion to...

  • CHARDON GETS MORETHANHOTELS.  // EG: Estates Gazette;10/10/2009, Issue 940, p31 

    The article reports that the management of the Morethanhotels portfolio in Great Britain has been acquired by Chardon Management from JER Partners. In July 2009, KPMG was hired by lenders Allied Irish Bank, Royal Bank of Scotland and Abbey to restructure the portfolio. A total of 12 hotels will...

  • Banks open for business.  // Irish Farmers Monthly;Jul2012, p20 

    The article offers information on the policies of financial institutions including Bank of Ireland and Allied Irish Banks (AIB) PLC over lending to banks is enthusiastic to lent money to viable farm-based projects and 80 percent of loan applications have been passed in Ireland. It reports that...

  • Untitled. Sidders, Jack // EG: Estates Gazette;11/15/2014, Issue 798, p1 

    The article reports on the decrease in Allied Irish Bank's impaired loans in the three months to September 30, 2014, totaling around 24.3 billion euros.

  • It's Not Over Yet. O'Sullivan, Tadg // Hospitality Ireland;Feb2009, Issue 55, p65 

    The author looks at the implications of the 2009 economic recession on the hospitality industry in Ireland. He predicts that the pressure on AIB and Bank of Ireland will ease due to the nationalization of Anglo Irish Bank. He stresses the need for the sector to provide best value and service in...

  • Gloom for sector as RBS records £3.7bn loan loss. Phillips, Mike // EG: Estates Gazette;2/27/2010, Issue 1008, p43 

    The article reports on the pessimistic outlook of the Royal Bank of Scotland (RBS) for the commercial property sector for 2010, as it posted losses on commercial property loans in 2009.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics