Bank of Ireland (IRE) is near a sale of its Burdale Finance unit, a $1.1B unit that extends...


Bank of Ireland (IRE) is near a sale of its Burdale Finance unit, a $1.1B unit that extends loans secured against assets in the U.K. and U.S., to Wells Fargo (WFC). The deal, which would be Wells Fargo’s third scoop this year on assets of Irish banks, may be completed by year-end. IRE +1.2%, WFC +0.3% premarket.

Comments (1)
  • youngman442002
    , contributor
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    You would have to wonder with all the turmoil in the Banking industry...why Wells Fargo is buying this????? I think I would wait a couple of years until things clear up.....maybe save that cash for collateral..
    25 Nov 2011, 09:51 AM Reply Like
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