January 14, 2016
Just days before trial, Citibank NA agreed to settle claims brought by Allied Irish Banks PLC accusing it of helping an AIB unit employee hide rogue foreign exchange trading that lost $691 million, according to documents filed on Thursday in New York federal court.
August 25, 2015
A New York federal judge refused Monday to reconsider her decision letting Allied Irish Banks PLC take Citibank NA to trial for allegedly helping an AIB unit employee hide rogue forex trading that lost $691 million, finding Citibank's attempt to pin the scheme on AIB was fairly rejected.
June 30, 2015
A New York federal judge dismissed selected claims against Citibank NA in a suit by Allied Irish Banks PLC, which says Citibank was involved when an AIB unit employee went rogue in a proprietary forex trading scheme that resulted in $691 million in losses.
January 25, 2012
Allied Irish Banks PLC buried the hatchet with Bank of America NA on Wednesday in New York federal court, dropping claims that BofA helped a rogue trader conceal a scheme that resulted in $691 million in losses to an AIB subsidiary.