Allfirst president steps down

- By FX Markets Staff
- @FXMarkets_
- 22 Jul 2002

DUBLIN -- Susan Keating, president and chief executive of Baltimore-based Allfirst Financial, will step down on July 31, parent group Allied Irish Banks (AIB) announced last week.

Her departure is seen as overdue by the industry, coming five months after Allfirst announced in February it had discovered nearly $700 million in losses from fraudulent forex trading stretching back to 1997.

Since the fraud came to light, AIB has conducted a strategic review of its business, a process it said was aided

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