Deborah Batts

3 results

John Rusnak, the rogue trader who cost AIB $691 million, has expressed relief that the bank and Citibank settled a 12-year-old US legal action over h(...)

The case arose from John Rusnak’s having hidden trading losses at AIB’s Allfirst Bank  for at least five years before they were revealed in February 2002.

Citigroup has settled long-running litigation in which AIB accused it of helping rogue currency trader John Rusnak rack up a $691 million loss. US di(...)

Rogue trader John Rusnak: pleaded guilty to defrauding AIB subsidiary Allfirst in 2002 and was sentenced to seven and a half years in prison. He has since run a dry-cleaning and laundry business in the Baltimore area

John Rusnak, the rogue trader who cost AIB $691 million, has said he will not testify at a US trial in which the bank is suing Citibank for (...)