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A collection of news and information related to Allied Irish Banks Plc published by this site and its partners.
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Europe's debt crisis flares again as Irish bond yields rocket
Money & CompanyEven as the European Union moves this week to finalize its permanent financial rescue fund for struggling member nations, rumors that a government-controlled Irish bank would miss a bond payment stoked fresh fears in European debt markets Tuesday. The... -
Allfirst, AIB to bolster oversight, management
Sun StaffAllfirst Financial Inc. and its Irish parent said yesterday that they have entered into a written agreement with regulators that requires them to further strengthen management and internal controls in the aftermath of a currency trading scandal that...Tags: Bank of Ireland, Economy, Business and Finance, Insurance, Career and Workplace, Republic of Ireland
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Allfirst's parent in negotiations to sell Baltimore-based bank for $3 billion
Sun StaffAllied Irish Banks PLC is in negotiations to sell Allfirst Financial Inc., its scandal-marred subsidiary, to M&T Bank Corp. of Buffalo, N.Y., according to published reports in Europe. The deal, which is reportedly valued at $3 billion, could be announced...Tags: Pennsylvania, Washington, DC, Republic of Ireland, Companies and Corporations, Morningstar Incorporated
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Rusnak indicted for bank fraud in Allfirst scandal
Sun StaffJohn M. Rusnak, the Allfirst Financial Inc. currency trader who lost $691.2 million in what prosecutors called a "complex and sophisticated" scheme, was indicted Wednesday on federal bank fraud charges. If convicted in one of the largest financial...Tags: Judges, Prosecution, Crime, Law and Justice, Justice System, Fraud
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Ex-Allfirst trader expected to plead guilty to fraud
Sun StaffJohn M. Rusnak, the former currency trader for Allfirst Financial Inc. whose transactions led to $691.2 million in losses and presaged a purge of the bank's top management, is expected to plead guilty today to a criminal charge of bank fraud, informed...Tags: Judges, Trials, Washington (U.S. state), Crime, Law and Justice, Career and Workplace
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Baltimore M&T official named Allied Irish Banks CEO
Sun StaffEugene J. Sheehy, who was sent to Baltimore three years ago by Allied Irish Banks PLC to help its Allfirst Financial Inc. subsidiary recover from a huge currency trading scandal, is being called home to Dublin to lead the parent bank. Next month, Sheehy,...Tags: NYSE Euronext, Inc., Sports, Stock Market, Corporate Officers, Basketball
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Allfirst parent to weigh rebound by bank from trading scandal
Sun StaffBELFAST, Northern Ireland - Officials of Allfirst Financial Inc.'s parent company said yesterday that it will decide by the end of the year whether to begin a withdrawal from U.S. banking. Allied Irish Banks PLC officials said the decision hinges on...Tags: Labor Disputes, Washington (U.S. state), Elections, Career and Workplace, Crime, Law and Justice
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Charges are expected in Allfirst case today
Sun StaffAfter a four-month investigation, federal prosecutors are set to announce an indictment in the $691.2 million Allfirst Financial Inc. trading scandal, according to sources. The Maryland U.S. attorney's office has scheduled a news conference at 2 p.m....Tags: Maryland, Crimes, Trials, Prosecution, Accounting and Auditing
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Who and what to watch in 2001
Places and prospects Housing How the housing sector will perform is critical to the area's economy. New homes drive demand for building materials such as lumber, siding, brick and Sheetrock, and fuel construction and supplier jobs. Consumers buying both...Tags: House Building, Mergers, Acquisitions and Takeovers, Defense, Krispy Kreme Doughnuts, Bethlehem Steel Corp.
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Indictment describes rogue trader, web of deceit
Sun StaffCarnell Dawkins, manager of a Mail Boxes Etc. branch in midtown Manhattan, remembers when David Russell set up an account to receive his mail there, but Russell was never seen and rarely used the box. "He never received much mail, maybe one piece,"...Tags: Bank of America Corp., Prosecution, Crime, Law and Justice, Republic of Ireland, Justice System
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Allfirst to jettison 1,132 jobs, half in city
Sun StaffM&T Bank Corp., which agreed to buy scandal-tainted Allfirst Financial Inc. last fall, will slash 1,132 jobs, or 20 percent of Allfirst's work force. About half of the cuts - 657 workers - will be made in Baltimore and will include employees in support...Tags: Management Change, Unemployment, Career and Workplace, Crime, Law and Justice, Companies and Corporations
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AIB sees life after Rusnak scandal
Sun StaffAllied Irish Banks PLC, the parent of Baltimore-based Allfirst Financial Inc., said yesterday that its business is "steadily recovering" after it lost a staggering $691.2 million in a currency-trading scandal. The Dublin, Ireland-based company said...Tags: Economy, Business and Finance, Crime, Law and Justice, Fraud, Sports, Crimes
Mar 22, 2011
| Los Angeles Times
May 17, 2002
|Story| Baltimore Sun
Sep 26, 2002
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Jun 5, 2002
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Oct 24, 2002
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Mar 11, 2005
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May 30, 2002
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Jun 5, 2002
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Jan 16, 2001
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Jun 6, 2002
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Jan 14, 2003
|Story| Baltimore Sun
May 29, 2002
|Story| Baltimore Sun
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