Download or read book Panic at the Bank written by Siobhán Creaton and published by Gill & MacMillan. This book was released on 2002 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: It was Ireland's biggest banking scandal and the fourth-biggest banking fraud in the world. John Rusnak, a lone wolf currency trader in Allfirst, a regional American bank owned by AIB, racked up losses of almost $700 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.