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Full coverage: KBC

What €1.1bn debt purchase from KBC means for CarVal – and for the vulture funds’ new customers

The US vulture fund had acquired many large portfolios of distressed loans in Ireland in the past, but never so many secured on people’s homes. Why did CarVal do it this time, and where does this leave borrowers?

Thomas Hubert
31st Aug, 2021 - 4 min read

Property beef: the cattle trader, the vulture fund and the D4 eviction battle

John McCarthy is a veteran meat trader and property investor whose firm Emerald Meats won a €2.5 million damages payout against the government over beef import quotas. Having built up a multi-million business empire since the 1980s, the 63-year-old is now facing eviction from his Ballsbridge home.

Francesca Comyn
1st Mar, 2021 - 6 min read

Ian Kehoe: “Talk of cultural change within the Irish banks is a dangerous conceit. Little has fundamentally changed. The same old arrogance persists”

The comments by the head of KBC Bank Ireland’s Belgian parent on tracker mortgages highlighted yet again the lack of cultural change at the upper echelons of banking. Indeed, the actions of the banks give lie to the chatter of cultural rehabilitation.

Ian Kehoe
21st Nov, 2019 - 6 min read
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