Tag Archives: Bad Loans

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Following an anonymous email sent to RTÉ…

RTÉ reports:

A whistleblower has alleged AIB misled regulators on its progress in dealing with loans which are in arrears.

The claims have been made over recent days to the Central Bank and the European Central Bank.

AIB has told RTÉ News that it is “not aware” of the allegations.

A spokesperson for the Central Bank said that while the bank cannot comment on specific allegations “any correspondence received by the Central Bank through its protected disclosure channel is treated seriously and examined thoroughly.”

The individual said AIB tried to make progress on restructuring look better than it was in reality.

Whistleblower alleges AIB misled Central Bank, ECB (RTE)

Previously: AIB And ‘Fraud Of The Highest Order’

The Mortgage Arrears Reality

The Mortgage Arrears Pie

Rollingnews

Irish authorities are considering moving unprofitable home loans into strengthened non-core units within banks as proposals to strip them from lenders run into difficulty, a person with direct knowledge of the matter said.

The government has been in talks with its aid partners on transferring these loans to a so-called asset warehouse to make the banks easier to sell in the future.

Instead, the state may urge transfer of the loans into clearly-defined separate units, similar to the approach taken by Royal Bank of Scotland Group Plc, said the person, who asked not to be identified as the matter is still being considered.

Thanks DD