AIB sues two US banks over Rusnak fraud

Allied Irish Bank is to sue two other banks which it believes were involved in the fraud operation that led to their US bank loosing more than half a billion dollars last year.

Allied Irish Bank is to sue two other banks which it believes were involved in the fraud operation that led to their US bank losing more than half a billion dollars last year.

Allied Irish Bank is taking a case against the banks saying they were involved in the rogue trading scheme.