Citigroup suspends two in FX as net widens
THE LUDWIG REPORT
US banking specialist Eugene Ludwig's report into fraudulent FX trading at Allfirst Financial may be completed, but parent group Allied Irish Banks will not give up its enquiry, said chief executive Michael Buckley last Thursday (March 14).
As it emerged late last week that Citigroup had suspended two sales dealers in early March following an internal review into the Allfirst affair, which lost AIB $691 million, Buckley said AIB would "keep on digging" to discover which banks had benefited from
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