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.
Recommended Insights
Article and Insights
30
Jul 2024
The first half of the year has seen two very different trends in the Irish M&A mar...
Partner
Stephen Keogh
Article and Insights
25
Jul 2024
Knowledge and education in relation to AI is essential in order to deploy it prope...
Partner
Barry Scannell
Announcement
1
Jul 2024
William Fry is pleased to announce the appointment of Stephen Keogh as the firm’s ...
Chairperson
Liam McCabe
Article and Insights
18
Jul 2024
This article provides a practical guide to compliance with the AI Act's regulation...
Partner
Barry Scannell
Article and Insights
25
Jul 2024
Five key items ESMA wants to change in the sustainable finance framework as per it...
Partner
Nessa Joyce
prev
next