Sabadell Bans Cerberus From NPL Deals Amid Legal Disputes

Banco Sabadell SA has blacklisted Cerberus Capital Management LP as buyer for its non-performing loans amid an ongoing legal dispute between the two firms.

By Jorge Zuloaga · Bloomberg Markets

Banco Sabadell SA has blacklisted Cerberus Capital Management LP as buyer for its non-performing loans amid an ongoing legal dispute between the two firms.