herald

Wednesday 17 January 2018

Bids for Anglo's loans

FINANCIAL powerhouses JPMorgan Chase and Wells Fargo are among the final bidders for portions of Anglo Irish Bank's $9.65bn (€6.7bn) US property loans.

Anglo's US portfolio includes loans on buildings from Manhattan to Beverly Hills, California.

Final bids were submitted this week and a winner is expected to be chosen by early next week.

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