Danske Bank to sell off remaining parts of Irish business

Danske Bank is selling the remaining parts of its Irish business, sparking fears vulture funds will scoop up the unsecured debts of thousands of borrowers.

The sale will see debts such as credit card bills, overdrafts and other unsecured loans packaged up and offloaded by the bank.

These are the last loan books to be sold by the bank.

Debt collection agencies, pay-day lenders and vulture funds are possible buyers.


KEYWORDS: Danske Bank

 

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