Allfirst to jettison 1,132 jobs, half in city
M&T Bank Corp., which agreed to buy scandal-tainted Allfirst Financial Inc. last fall, will slash 1,132 jobs, or 20 percent of Allfirst's work force. About half of the cuts -...
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Maryland adds 3,000 jobs as drought yields
After a nine-month job drought, businesses in Maryland have finally started to hire. Boosted by growth in construction, health care and the federal government, Maryland added jobs in November -...
Ex-Allfirst trader expected to plead guilty to fraud
John M. Rusnak, the former currency trader for Allfirst Financial Inc. whose transactions led to $691.2 million in losses and presaged a purge of the bank's top management, is expected...
Allfirst's parent in negotiations to sell Baltimore-based bank for $3 billion
Allied Irish Banks PLC is in negotiations to sell Allfirst Financial Inc., its scandal-marred subsidiary, to M&T Bank Corp. of Buffalo, N.Y., according to published reports in Europe. The deal,...
U.S. economy proved resilient
Much has been written about heroes in the past year, but the unsung hero has been the American consumer, who almost single-handedly prevented the country from plunging into a deep...
Allfirst president to step down
Susan C. Keating, president and chief executive of Allfirst Financial Inc., which lost $691.2 million in a currency trading scandal, will leave the bank at the end of the month,...
Rusnak indicted for bank fraud in Allfirst scandal
John M. Rusnak, the Allfirst Financial Inc. currency trader who lost $691.2 million in what prosecutors called a "complex and sophisticated" scheme, was indicted yesterday on federal bank fraud charges....
Rusnak indicted for bank fraud in Allfirst scandal
John M. Rusnak, the Allfirst Financial Inc. currency trader who lost $691.2 million in what prosecutors called a "complex and sophisticated" scheme, was indicted Wednesday on federal bank fraud charges....
Charges are expected in Allfirst case today
After a four-month investigation, federal prosecutors are set to announce an indictment in the $691.2 million Allfirst Financial Inc. trading scandal, according to sources. The Maryland U.S. attorney's office has...
AIB sees life after Rusnak scandal
Allied Irish Banks PLC, the parent of Baltimore-based Allfirst Financial Inc., said yesterday that its business is "steadily recovering" after it lost a staggering $691.2 million in a currency-trading scandal....