€1.6bn wiped off AIB shares

Allied Irish Banks has seen €1.6bn wiped off its shares since it revealed that one of its US subsidiaries has been the victim of a massive fraud.

€1.6bn wiped off AIB shares
Wed, 06 Feb, 2002 - 19:06

Allied Irish Banks has seen €1.6bn wiped off its shares since it revealed that one of its US subsidiaries has been the victim of a massive fraud.

However, the panic over the €750m loss is easing.

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CourtsHeathrowPlace: USPlace: DublinPlace: IrelandPlace: BaltimorePerson: Nick LeesonPerson: Anne MaherPerson: John RusnakPerson: RusnakOrganisation: AIBOrganisation: Allied Irish BanksOrganisation: Irish Pensions Board
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