Trader ‘lost €877m in attempt to cover losses’

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.

Trader ‘lost €877m in attempt to cover losses’
Fri, 08 Feb, 2002 - 14:51

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.

The Allfirst foreign exchange dealer shocked the banking world by losing the cash and was suspended and put under investigation earlier this week.

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CourtsAllfirstPlace: BaltimorePlace: Caribbean.’’Place: MarylandPlace: AtlanticPlace: Cleveland, OhioPlace: ManhattanPlace: New YorkPlace: United StatesPerson: John RusnakPerson: RusnakPerson: Bruce LamdinPerson: David IrwinPerson: Mary Louise PreisPerson: PreisPerson: Frank GruttaduriaPerson: Golda StoutOrganisation: FBIOrganisation: Allied Irish Banks’Organisation: American Federal ReserveOrganisation: AllfirstOrganisation: Lehman Brothers
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