Panic at the Bank: How John Rusnak Lost AIB $700 Million - Softcover

O'Clery, Conor; Creaton, Siobahn

Softcover

ISBN 10: 0717135632 ISBN 13: 9780717135639

Publisher: Gill & Macmillan Ltd, 2002

Synopsis

Written by two of The Irish Times' top financial journalists who covered the story from day one, Panic at the Bank tells the inside story of how trader John Rusnak did it. It traces, step-by-step, the management failures that allowed him to gamble away the bank's money while seemingly pulling in big profits. It also relates the human drama played out inside the bank, and how AIB's American acquisition, hailed as a model for foreign banks everywhere, was bedevilled by a clash of Irish and American cultures and a boardroom power struggle high above the Baltimore harbour front. Conor O'Cleary brings his peerless skills to the American side of the story as he relates how the scandal developed. Siobhan Creaton tells the Irish end of the story, of how AIB, with its troubled history, coped with the crisis. Together, they are the ideal team to tell this amazing tale.

About this title

About the Author:

Siobhan Creaton is a financial journalist with The Irish Times and Conor O'Clery is The Irish Times' North American Editor, based in New York.

About this edition

• Publisher: Gill & Macmillan Ltd
• Publication date: 2002
• ISBN 10: 0717135632
• ISBN 13: 9780717135639
• Binding: Paperback
• Number of pages: 256