Dec. 19, 2011, 8:49 AM
Aug. 10, 2011, 9:31 AMWells Fargo (WFC -3.6%) has reportedly won an auction for Bank of Ireland's (IRE -0.8%) $1.4B U.S. commercial-real-estate loan portfolio, with Wells paying almost face value. The sale is part of BOI's efforts to cut its loan portfolio by about €30B ($43B) by the end of 2013.
| Aug. 10, 2011, 9:31 AM | Comment!
IRE vs. ETF Alternatives
Bank of Ireland (Governor & Co of) provides financial services in Ireland to all sectors of the Irish economy. These include checking and deposit services, overdrafts, term loans, mortgages, business and corporate lending, among others.
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