Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2003
John Rusnak and Allfirst trading losses
Rogue trader John Rusnak concealed losses in AIB’s Allfirst operation in the United States. The episode exposed weaknesses in controls and risk oversight and contributed to the subsequent restructuring of the business.
1985
Insurance Corporation of Ireland failure
Insurance Corporation of Ireland, then wholly owned by AIB, collapsed after falling below statutory reserve requirements and requiring additional capital. AIB wrote off its investment, while the Irish state intervened to protect policyholders and preserve the insurance business.