Law360, New York (January 26, 2007, 12:00 AM ET) -- Thousands of documents used to compile a report on what went wrong when rogue trader John Rusnak disguised $691 million in losses for an Allied Irish Banks Plc subsidiary can now be used in a court case against Citibank and Bank of America, a district judge ruled on Friday.
The case relates to one of the largest financial scandals in history – foreign currency trader John Rusnak’s scheme to disguise losses he had incurred during nine years of trading for AIB’s U.S. subsidiary Allfirst Bank. The...
AIB Must Show Documents To Citibank, BoA
To view the full article, take a free trial now.
