‘Vulture funds’ circling bank’s bad loans face new regulation

Wall Street’s bankers must be hoping to avoid vulture at Christmas. Distressed debt funds are circling the Street’s pile of unsold leveraged loans – about $168bn worth. The prospect of getting these.

The Backstory of Vulture Funds: How swapping bad debt saved banks – and nations . That, in slightly different words, is what one of the many people I talked to for my article on vulture funds argued. And there’s some logic in that, because in a sense, what vulture funds do isn’t particularly innovative.

A vulture fund is a hedge fund, private equity fund or distressed debt fund, that invests in debt considered to be very weak or in default, known as distressed securities. investors in the fund profit by buying debt at a discounted price on a secondary market and then using numerous methods to gain a larger amount than the purchasing price.

It may have seemed in 2008 that Ireland, which had nothing but bad banks, did not need another one. The portfolio had a face value of 5.1 billion. The vulture fund Cerberus got it for just 1.5.

The government plans to introduce legislation to regulate so-called vulture funds before the summer, The Times understands.. ‘Vulture funds’ circling bank’s bad loans face new regulation.

His comments follow calls by Sinn Fein and Fianna Fail for new laws to regulate vulture funds.. monitored by the Central Bank ahead of any loan portfolio sale.. regulation of these vulture.

When Metro Bank opened its doors in 2010, it was the first new High Street lender in more than a century. us to invest,’ one leading City figure told the Mail. Vulture hedge funds are circling and.

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Start studying Financial Systems Test 3. Learn vocabulary, terms, and more with flashcards, games, and other study tools.. Closed-end bank loan mutual funds D) Vulture funds E) Credit unions.. After the bank charges off these unexpected bad loans the bank’s equity to asset ratio will be _____.

Argentina’s new right-wing president. who specializes in representing financiers and banks opposed to regulation – announced that NML Capital, Aurelius Capital and two other big hedge funds will.

— Poor individuals: In Ireland, vulture funds like Lone Star are also buying up the bad debts of ordinary people who defaulted on their mortgages during the crisis – raising concerns that these people could be pushed out of their homes. The EU is even promoting this solution as a way of getting bad debts off banks’ balance sheets.

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