80. Deputy Maurice Quinlivan asked the Minister for Finance if his attention has been drawn to the fact that a bank (details supplied) has recently sold an €850 million non-performing loan portfolio for the discounted price of €700 million to a company; if his attention has been further drawn to the fact that the company is attempting to eliminate future retirement benefits for supermarket workers in the United States of America; his views on whether the State should use its influence in majority State-owned banks to ensure that investment firms that seek to do business with them are accountable for their treatment of workers in other jurisdictions; and if he will make a statement on the matter. [49586/19]

Summary

80. Deputy Maurice Quinlivan asked the Minister for Finance if his attention has been drawn to the fact that a bank (details supplied) has recently sold an €850 million non-performing loan portfolio for the discounted price of €700 million to a company; if his attention has been further drawn to the fact that the company is attempting to eliminate future retirement benefits for supermarket workers in the United States of America; his views on whether the State should use its influence in majority State-owned banks to ensure that investment firms that seek to do business with them are accountable for their treatment of workers in other jurisdictions; and if he will make a statement on the matter. [49586/19]

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Banking Operations

  xml · EN · 28 November 2019

  ViewDownloadOpen at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.