Rogue trader loss slashes AIB profits

Allied Irish Bank, Ireland’s biggest bank, today confirmed the consequences on its results of the suspected $750m (€866m) fraud loss at one of its American subsidiaries.

Rogue trader loss slashes AIB profits
Wed, 20 Feb, 2002 - 08:26

Allied Irish Bank, Ireland’s biggest bank, today confirmed the consequences on its results of the suspected $750m (€866m) fraud loss at one of its American subsidiaries.

The bank’s preliminary announcement of last year’s figures in Dublin disclosed an attributable profit of €484m.

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