A former currency trader accused of hiding €700m in losses at the Allfirst bank in the US today pleaded guilty to one of the largest bank fraud cases in US history.

FORMER currency trader John Rusnak will plead guilty to criminal charges in the €750 million trading scandal that rocked Allied Irish Banks this year, sources close to the investigation said last night.

A Donegal man holidaying in Spain drowned yesterday while attempting to save his young son.

A Donegal man has died in Spain while trying to save his little boy.

John Rusnak - the trader charged with fraudulently hiding his €520m in losses - denies he was protecting his six figure income.

Jack Kyle has been named as the greatest ever Irish rugby player in a public poll.

Rogue trader John Rusnak has told the FBI he lost €877m from Allied Irish Banks’ American subsidiary as he tried to make up for his losses.

Four second-half tries earned Terenure a bonus point and a convincing win at Ormeau.