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

Vulture funds go for the kill 13 Sep, 2006, 01.23AM IST. They are the new vulture funds, circling over state-owned banks and financial institutions, to buy out bad loans with the underlying security of property to ride the upswing in land prices.

4 reasons bank-loan funds are risky.. there are four bank-loan ETFs – all new funds. The biggest one, PowerShares Senior Loan Portfolio, which tracks the S&P/LSTA U.S. Leveraged Loan 100.

European banks battered by the downturn in the shipping market face a tough 2014. to sell their debtors’ loan portfolios directly to shipping businesses, such as its December sale of 10 vessels to.

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In Australia the difference was the vulture funds were in fact deposit-taking institutions that held a banking licence. "In any view these [initially at point of acquisition] were already distressed.

also applied to many of these vulture funds. In addition, many Irish banks that sold their loan books at a heavy discount later received state support (bailouts). Thus, taxpayers indirectly.

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.

But for a small group in long-term arrears it is going from bad to worse. by the European regulator, Irish banks are under pressure to deal with this. But as we have seen from the debate on selling.

Moves by banks to package up more bad debts and sell them on to US private equity buyers are proving controversial, amid fears of aggressive debt recovery tactics The sale of non-performing loans to so-called vulture funds is not merely continuing, but looks set to accelerate. Both Ulster Bank and.

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C C Wheeler & A Attaran, Declawing the Vulture Funds: Rehabilitation of a Comity Defense in Sovereign Debt Litigation (2003) 39 Stan J Int’l L 253, p. 254. K H Fukuda, What is a vulture fund? (2008) University of Iowa College of Law Center for International Finance & Development 2.

Regulation U is a Federal Reserve Board regulation that governs loans by entities involving securities as collateral and the purchase of securities on margin. Regulation U limits the amount of.