Panic at the Bank
Author | : Siobhán Creaton |
Publisher | : Gill & MacMillan |
Total Pages | : 181 |
Release | : 2002 |
ISBN-10 | : 0717135632 |
ISBN-13 | : 9780717135639 |
Rating | : 4/5 (32 Downloads) |
Download or read book Panic at the Bank written by Siobhán Creaton and published by Gill & MacMillan. This book was released on 2002 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.