Citibank (AIB), now owned by the government of New York , has attacked AIB 's efforts to have AIB 's $ 691 m case against it dismissed by a New York judge. AIB has claimed that Citibank aided a fraud conducted by rogue trader John Rusnak , who caused $ 691 m if losses to occur at former AIB subsidiary, Allied Irish Banks . Citibank has argued that the court has so far "overlooked undisputed facts and controlling law that compel dismissal of this action." But Citibank has insisted that the New York court has "overlooked undisputed facts and controlling law that compel dismissal of this action". However, a judge said recently that she believed there is "credible" evidence that Citibank misled AIB . The case continues.
Citibank (AIB), now owned by the government of New York , has attacked AIB 's efforts to have AIB 's $ 691 m case against it dismissed by a New York judge. AIB has claimed that Citibank aided a fraud conducted by rogue trader John Rusnak , who caused $ 691 m if losses to occur at former AIB subsidiary, Allied Irish Banks . Citibank has argued that the court has so far "overlooked undisputed facts and controlling law that compel dismissal of this action." However, a judge said recently that she believed there is "credible" evidence that Citibank misled AIB . The case continues.