Chief resigns at scandal-hit bank

12 April 2012

SUSAN Keating, president and chief executive of US Allfirst Financial, a subsidiary of Allied Irish Banks hit by a $691.2 million (£440 million) currency trading scandal has fallen on her sword and resigned.

She becomes the eighth employee at the Baltimore-based bank to go. Allfirst chairman Frank Bramble announced his early retirement at the completion of an internal investigation with six bank workers sacked.

John Rusnak, the foreign exchange trader at the bank alleged to be responsible for the multi-million dollar losses, pleaded not guilty last month to charges of bank fraud and false entry. The bank said Keating's resignation was not related to the scandal.

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