The special liquidators Irish Bank Resolution Corporation (IBRC) have been given a period of four months to sell its the €27 billion loan book.
The state-run bank went into liquidation on 7 February, 2013 and the government had said that the loans would be sold by August and any assets not sold till that time would be transferred to the National Asset Management Agency for sale over time.
Results of the stress tests conducted by the Federal Reserve were released this Thursday and it was found that most of the large banks in the country will able to survive the crashes and recession in markets.
New York Gov. Andrew Cuomo said on Tuesday that banks are holding the insurance money of people who lost their homes in super storm Sandy that emerged on Oct 29 last year. Moreover, he said insurance amount of $208 million is estimated by the experts to be released by the banks. Approximately two third of money is with the four biggest US banks.