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Bank fraud
2002 2002

Panic at the Bank

Author: Siobhán Creaton
Publisher: Gill & MacMillan
ISBN: 9780717135639
Category : Bank fraud
Languages : en
Pages : 181

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Book Description
It was Ireland's biggest banking scandal and the fourth-biggest banking fraud in the world. John Rusnak, a lone wolf currency trader in Allfirst, a regional American bank owned by AIB, racked up losses of almost $700 million. This sort of thing was not supposed to happen in modern banking, and certainly not in a retail bank far from the world's financial centres. But it did.