The number of gambling addicts is on the rise due to the explosion of online betting in Ireland.

Peter Brown and Nick Leeson are in agreement about one thing: Ireland is not about to miraculously recover from the recession any time soon.

As head of the Irish Bank Officials Association, Larry Broderick is charged with the unenviable task of negotiating the best deal possible for 2,500 AIB workers while keeping compulsory redundancies off the table, writes Kyran Fitzgerald

Paper Promises: Money Debt and the new World Order

Shedding 2,000 jobs, restoring shaken morale, changing a disastrous culture and rebuilding the bank’s battered business are just some of the difficulties incoming AIB chief executive David Duffy will have to overcome, reports Kyran Fitzgerald

A suspected rogue trader was being questioned today after Swiss banking giant UBS discovered €1.48bn worth of unauthorised deals.

IF previous rogue traders are anything to go by, notoriety and possibly even a Hollywood film await the person behind the €1.66 billion UBS fallout.

A 31-year-old man was arrested in London today in connection with allegations of €1.48bn of rogue trading at Swiss banking giant UBS.

THE house market might have been on the floor in 2010 — but, if it was, the commercial end of the business was in the basement by comparison and, unlike the stamp duty break given to the residential market in Budget 2011, it still has a high tax rate on transactions.

Paris: If Jerome Kerviel is convicted next week of causing Societe Generale’s €4.9 billion loss, he won’t face the kind of sentences given to financial felons like Bernard Madoff (150 years) or even Nick Leeson (six-and-a-half years).

Galway United v Drogheda United

IT’S not usual for this column to open with a mea culpa directed at Gaelic football fans of the northern counties, but there’s no way out of it.

“OUR SEASON starts now,” declared Galway United’s chief executive Nick Leeson after the club yesterday unveiled former Irish international Jeff Kenna as their new manager.

Galway United FC has today announced the appointment of Jeff Kenna as manager.

NICK LEESON said the revelation that a single trader lost €4.9 billion at French bank Societe Generale proved financial institutions had not learned their lessons.

JÉRÔME KERVIEL, the man behind the biggest alleged fraud in banking history, is the first rogue trader to be exposed in the age of online social networking.

Within hours of being named as the man behind one of the biggest banking losses ever seen, rogue trader Jerome Kerviel was fast on his way to becoming an internet cult hero.

Rogue trader Jerome Kerviel was today being blamed for aggravating the turmoil that saw tens of billions of pounds wiped off the UK stock exchange earlier this week.

Societe Generale bank’s chief executive took out newspaper ads today begging shareholders to accept his “apologies and deep regrets” after a trader at the bank was accused of fraud costing the company €4.96bn.

Nick Leeson said today’s revelation that a single trader lost £3.7 bn (€4.9bn) at French bank Societe-Generale proved financial institutions had not learned their lessons.

THE legal firm called on to provide assistance to the parents of missing Madeleine McCann in the UK is accustomed to high profile cases.

When people say someone’s led a colourful life, it’s the likes of Nick Leeson they’re talking about. Michael Moynihan spoke to Galway Utd’s ceo about Sunderland’s visit to Terryland Park, and Ewan McGregor.

Nick Leeson’s blue-and-yellow striped trading jacket from Barings was sold to Paul Taylor, manager of the Three Delta fund, for £21,000 (€30,855) by the defunct British investment bank’s liquidator, the Daily Telegraph reported, citing the liquidator.

ROY KEANE has backed proposals to allow physios to treat players on the pitch while play is in progress.

ALMOST 7.30pm on a Thursday and Nick Leeson is trying to get the baby to sleep.

Aer Arann have announced that it is teaming up with first division club Galway United in a sponsorship deal for the 2005 season.

BILLY WOODS is a doubt for tonight's eircom League Premier Division game between Cork City and Drogheda United at Turner's Cross.

GALWAY UNITED FC have appointed Mr Nick Leeson as the club’s new commercial manager.

Rogue trader Nick Leeson will sign on as the commercial manager of an Irish soccer club this week.

Singapore financial markets were rocked today after a Chinese jet-fuel supplier listed in the city-state said it had racked up €438m in losses on derivative trades and was seeking protection from its creditors.

Dutch bank ING today said it was giving up the right to trade any of its businesses as Barings – nine years after it salvaged the UK’s oldest merchant bank from insolvency.

A BALLYBRIT virgin, my first foray at the Galway Races was akin to a blinkered nag staggering shoeless at a donkey derby.

THE AIB overcharging scandal deepened last night after it emerged the bank suspended a senior official on full pay.

Rogue trader John Rusnak, whose $427m losses almost bankrupted an Irish-owned US bank, was today jailed for seven-and-a-half years.

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.

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

A rogue currency trader accused of hiding €800m in trading losses at AIB-owned Allfirst Financial was today indicted by a US federal grand jury.

Parallels between John Rusnak’s alleged €866m fraud and the collapse of Barings Bank expose ‘‘incompetence and negligence’’ in the banking world, rogue trader Nick Leeson claimed today.

The US banker at the centre of an alleged €866m fraud has met voluntarily with the FBI and federal prosecutors, his lawyer said.

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.

AIB Bank has said the amount of money believed to have gone missing from its US subsidiary, Allfirst, is less than one year's profit.

Shares in AIB slumped by 20% on both the Dublin and London stock exchanges in early trading today in response to the news of a fraud investigation at AIB subsidiary Allfirst.

AIB chief executive Michael Buckley has said the suspected fraud at a US subsidiary is "a very heavy blow".