IRELAND'S LARGEST BANK ALLIED IRISH SAID ON WEDNESDAY A SUSPECTED ROGU...
World | February 7, 2002, Thursday // 00:00
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Ireland's largest bank Allied Irish said on Wednesday a suspected rogue U.S. trader had defrauded it of up to $750 million in one of the world's biggest trading scandals since Nick Leeson brought down Britain's Barings Bank.
Allied Irish Banks Plc said a middle-ranking dealer, John Rusnak -- known as a family man and a pillar of his community -- tried to disguise huge foreign exchange losses at its U.S. Allfirst Financial Inc. unit of Baltimore with fictitious trades.
Allied Irish Banks Plc said a middle-ranking dealer, John Rusnak -- known as a family man and a pillar of his community -- tried to disguise huge foreign exchange losses at its U.S. Allfirst Financial Inc. unit of Baltimore with fictitious trades.
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