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.

A recent report has claimed that Federal Reserve Board Chairman Ben Bernanke could not anticipate economic crisis ahead else things could have been better. Had he estimated that things would go worst in the coming years, some sort of solutions would have been imposed to avert the financial crisis, which hit the U. S. economy in 2007.

As per reports, it has been revealed that Afghanistan's politicians were involved in alerting the list that contained the names of people, who were suspected to be charged for the Kabul Bank incident. The information was provided by a watchdog.

It has been reported that the cash at Bank of England would be used for reducing the government's borrowing. The cash from the Bank of England would be transferred to Whitehall. The money thus transferred would be returned to the Bank of England later on.

The investment banking division of the Swiss bank UBS has reported a big third quarter loss. A recent report reveals that in the wake of the same, the bank has decide make cuts in its jobs by some 10,000 along with cost reductions.