AIB reports steady recovery
NEWS
DUBLIN -- Allied Irish Banks (AIB) last week said its business is steadily recovering following its February announcement of nearly $700 million losses from fraudulent FX trading.
In a trading update issued on May 28, ahead of the bank’s half-year close period, it said there had been some "reduced business momentum" in the immediate aftermath of the revelation of the fraud. However, the bank noted that the Allfirst franchise in Baltimore, where the losses arose, is now showing "resilience and
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