AIB Trader 'Clever ' And 'Devious'

Rusnak was almost found out on January 31st when he could not at first confirm trades that he had faked. The next day Rusnak produced 12 trade confirmations allegedly from a file on his computer labeled 'fake docs' and the saga continued a while longer.

Other banks have now begun to clear house in the light of the scandal. Citibank, who cooperated fully with AIB investigators, have now suspended two foreign exchange sales representatives. People close to the bank claim that the suspensions resulted from an allegation that the two employees improperly entertained Rusnak.

AIB have provided $691m for the losses Rusnak incurred. They made public the scandal on February 6th, two days before the trader was due to pick up a $220,000 bonus.