Following the disposal of a portfolio of Irish real estate loans announced on 16 December 2014, The Royal Bank of Scotland Group plc (RBS) has announced the agreement to dispose of a further portfolio of loans to an entity affiliated with Cerberus Capital Management, L.P.. The disposal of this portfolio represents the final material transaction for RBS Capital Resolution (RCR) in Northern Ireland.
Forget 2014. Back then, the UK and US were the fastest-growing G7 economies. Now the UK has slipped into deflation and US growth appears to be stalling. In contrast, the eurozone’s surpassing expectations, with support from the ‘Hero’s’ at the European Central Bank. Europe’s not just become an arena for staging an annual high-camp pop-fest you know. Congratulations to Sweden.