As the first tranche of sales of the Irish Bank Resolution Corporation (IBRC) loan book auction concluded, it was looking as if the organization, placed into liquidation by the Irish government in February of this year, would face its end respectably. However, that hope has now dimmed with a host of legal challenges in Ireland and in the US on the very same day that a US court granted bankruptcy protection to the former bank. Shaky foundations Founded in 2011 by the merger of failed banks, Anglo Irish Bank and Irish Nationwide Building Society, the IBRC came from less-than-auspicious beginnings….
IBRC Faces Uphill Battle In U.S., As Well As At Home
Kieran Ball
Kieran is a journalist and copywriter with a track record in excess of 15 years' in advertising, marketing and journalism. My work has appeared in TV, radio, press, online and almost every other conceivable medium. Kieran is based out of Ireland.