Panic at the Bank [Paperback]

Conor O'clery (Author)

Book Description

Publication Date: October 22, 2002

Written by two of The Irish Times' top financial journalists who covered the story from day one, Panic at the Bank tells the inside story of how trader John Rusnak did it. It traces, step-by-step, the management failures that allowed him to gamble away the bank's money while seemingly pulling in big profits. It also relates the human drama played out inside the bank, and how AIB's American acquisition, hailed as a model for foreign banks everywhere, was bedevilled by a clash of Irish and American cultures and a boardroom power struggle high above the Baltimore harbour front. Conor O'Cleary brings his peerless skills to the American side of the story as he relates how the scandal developed. Siobhan Creaton tells the Irish end of the story, of how AIB, with its troubled history, coped with the crisis. Together, they are the ideal team to tell this amazing tale.

Editorial Reviews

About the Author

Siobhan Creaton is a financial journalist with The Irish Times and Conor O'Clery is The Irish Times' North American Editor, based in New York.

Product Details

• Paperback: 256 pages
• Publisher: Gill & Macmillan (October 22, 2002)
• Language: English
• ISBN-10: 0717135632
• ISBN-13: 978-0717135639
• Product Dimensions: 8.7 x 6.2 x 0.7 inches
• Shipping Weight: 9.6 ounces
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #2,167,220 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

5.0 out of 5 stars Fascinating tale of a "Barings Bank" type disaster, June 30, 2007

By 

Edward R. Lovette (Anaheim, ca United States) - See all my reviews
(REAL NAME)   

This review is from: Panic at the Bank (Paperback)

I read this book in 3 days because I could not put it down...this story involves an American currency trader working at an Irish bank...considering this financial implosion happened only 7 years after the Barings disaster and only 4 months after the Enron collapse, it is shocking that the largest bank in Ireland would have had such poor risk management...