AIB to take legal action over Rusnak losses

AIB said it may consider legal action against any third parties found to have helped rogue trader John Rusnak who cost it nearly $700m in foreign currency exchange losses, at the firm's US subsidiary AllFirst earlier this year.

Weekend reports quote AIB chief executive Michael Buckley as saying the bank's lawyers were in the "early days" of a case against two banks whose staff allegedly helped Rusnak.