Panic at the Bank by Conor O'clery

Panic at the Bank by Conor O'clery

Regular price
Checking stock...
Regular price
Checking stock...
Summary

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.

The feel-good place to buy books
  • Free US shipping over $15
  • Buying preloved emits 41% less CO2 than new
  • Millions of affordable books
  • Give your books a new home - sell them back to us!

Panic at the Bank 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.
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.
SKU Unavailable
ISBN 13 9780717135639
ISBN 10 0717135632
Title Panic at the Bank
Author Conor O'clery
Condition Unavailable
Binding Type Paperback
Publisher Gill
Year published 2002-10-01
Number of pages 256
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.