It is reported that Anglo Irish Bank (now Irish Bank Resolution Corporation) is awaiting an improvement in the markets before considering any disposals of its Irish and UK loan books. Its wealth management division remains the subject of due diligence from several potential bidders, and it is reported that the process is likely to be completed in December when a decision on sale will be made.
Anglo has also begun closing the sale of its US loan book and has reportedly transferred loans of $3.5 billion. It is reported that the proceeds of the transfer were partly used to repay the $1 billion senior unguaranteed bond which fell due on 2 November 2011.
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