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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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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: Basketball, Finance, NYSE, Corporate Crime, Fraud
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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: Republic of Ireland, Louisville, Manhattan (New York City), Federal Reserve, Corporate Officers
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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: Republic of Ireland, Fraud, Washington, DC, Corporate Officers, Companies and Corporations
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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: Punishment, Fraud, Banking, Lawyers, Judges
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AIB profits up despite Allfirst fraud
The Associated PressDUBLIN, Ireland -- Allied Irish Banks PLC reported an increase of nearly 5 percent in pretax profits today despite the comparatively poor performance of its scandal-struck U.S. subsidiary, Allfirst. Ireland's largest bank said group profits reached...Tags: Republic of Ireland, Fines, Punishment, Fraud, Banking
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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: Court Preliminary, Criminals, Fraud, Punishment, Banking
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Allfirst trader suspected of stealing $750 million
SunSpot.net staffA missing foreign-exchange dealer with Baltimore-based Allfirst Bank is suspected of stealing $750 million, the bank's parent, Allied Irish Banks PLC, said today. The massive loss sent the Irish bank's shares tumbling on European exchanges. It is the...Tags: Republic of Ireland, FBI, Fraud, Stock Market, Stock Broking
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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: Republic of Ireland, FBI, Fraud, Corporate Officers, John Wayne
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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: Republic of Ireland, Prosecution, Criminals, Litigation, Trials
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Scandal overshadows Allfirst sale
SunSpot StaffWhile the executives behind today's $3.1 billion deal by Allied Irish Banks to merge its Allfirst Financial Inc. subsidiary into M&T Bank Corp. of New York denied the move had any connection to this year's foreign-exchange scandal -- several analysts...Tags: Stock Market, Washington, DC, Banking, Corporate Officers, San Francisco
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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: Inner Harbor, United Air Lines, Corporate Officers, Companies and Corporations, Southwest Airlines Co.
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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: Republic of Ireland, Prosecution, Manhattan (New York City), Lawyers, Accounting and Auditing
Mar 11, 2005
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May 17, 2002
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Sep 26, 2002
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Jun 5, 2002
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Jul 31, 2002
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Oct 24, 2002
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Feb 6, 2002
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May 30, 2002
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Jun 5, 2002
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Sep 26, 2002
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Jan 16, 2001
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Jun 6, 2002
|Story| Baltimore Sun
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