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Panic at the Bank By Conor O'Clery

Panic at the Bank by Conor O'Clery

Condition - Very Good
5 in stock


John Rusnak, a 'lone wolf' currency trader in Allfirst, a regional American bank owned by AIB, racked up losses of almost USD700 million. This sort of thing was not supposed to happen in modern banking, and certainly not in a retail bank far from the world's financial centres. But it did.

Panic at the Bank Summary

Panic at the Bank: How John Rusnak Lost AIB $700 Million by Conor O'Clery

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 Conor O'Clery

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.

Table of Contents

Chronology; gobsmacked; appalling vist; the secret love affair; boardroom coup; the MNC mafia; the velvet hammer; the home office spy; fake docs; inelegant fraud; Johnny Ruz, making a move; Peter's pour house; panic at the bank; brogue trader; not the Barings Bank; pure Hollywood; banana skins; the sore tooth; postscript.

Additional information

Panic at the Bank: How John Rusnak Lost AIB $700 Million by Conor O'Clery
Used - Very Good
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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