Vulture funds follow banks, Nama criticised and Supermac’s boss talks expansion - News Summed Up

Vulture funds follow banks, Nama criticised and Supermac’s boss talks expansion


Coronavirus was again everywhere in the business world yesterday, with the banks again the focus of much attention. A key development was an undertaking from credit-servicing companies managing loans for so-called vulture funds following mainstream banks in offering measures such as payment breaks to customers affected by Covid-19. He also reports that raising the contactless payments threshold from €30 to €50 may take longer than expected. “It’s going to change the whole face of the country,” he tells Peter Hamilton in this week’s Business Interview, where he also discusses expansion plans, Galway GAA and his legal battle against McDonald’s. Stay up to date with all our business news: sign up to our business news alerts and our Business Today daily email news digest.


Source: The Irish Times March 20, 2020 06:22 UTC



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