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  Archives > Business > Special Reports > Riggs Bank

At Riggs, Problems Passed on With Legacy
Barbara B. Allbritton remained on the Riggs Bank board after her husband, Joe, retired in 2001. Their son, Robert L. Allbritton, has tried to strengthen Riggs's local operations. (Rebecca D'angelo For The Washington Post)
Post 200 Profile
 Riggs National Corp.
Live Online
 Transcript: Post staff writer Terence O'Hara was online to discuss the Senate probe of Riggs Bank and its involvement with Chilean dictator Augusto Pinochet.
Riggs Artwork Is Headed for Auction Block
Manet's "Polichinelle," along with 13 other major works of art Allbritton and his wife bought in the past 20 years to decorate the offices of Riggs Bank, will go up for auction the first week in May at Christie's in New York.

In the News
PNC Bank Devises a Bold Arrival (Post, April 13, 2005)

Judge Backs Riggs's $16 Million Plea Deal (Post, March 30, 2005)

In Cultivating International Clients, Riggs Went Down a Perilous Path (Post, March 21, 2005)

6 U.S. Banks Held Pinochet's Accounts: Senate Report Details 'Secret Web' (Post, March 16, 2005)

Riggs Announces Replacements: Boards Acknowledge Allbritton's Resignation (Post, March 10, 2005)

Allbritton Exercises Stock Options (Post, March 9, 2005)

Robert Allbritton Resigns as CEO of Riggs Ahead of Merger (Post, March 8, 2005)

Robert Allbritton to Step Down as Riggs Chairman and CEO (Post, March 7, 2005; 3:49 PM)

Drafts Show Allbritton's Pursuit of Pinochet (Post, March 3, 2005)

Allbrittons, Riggs to Pay Victims Of Pinochet: Settlement Ends Case in Spain (Post, Feb. 26, 2005)

Records Show Liberal Use Of Riggs Jet: Ex-CEO's Guests Took Trips on Company Tab (Post, Feb. 17, 2005)

Riggs, PNC Reach New Merger Agreement: District-Based Bank to Be Bought for $20 a Share; Conditions Related to Lawsuits Dropped (Post, Feb. 11, 2005)

Buying Riggs Has Its Draws, Drawbacks: Legal Problems Drove Down PNC's Offer, but Bank Attracting New Suitors With Its Washington Area Market (Post, Feb. 9, 2005)

Riggs Files Suit Against PNC Over Collapse Of Merger Talks (Post, Feb. 8, 2005)

Riggs Negotiating With PNC Over Lower Sale Price (Post, Feb. 2, 2005)

Riggs Bank Agrees to Guilty Plea And Fine: Civil, Criminal Penalties Would Total $41 Million (Post, Jan. 28, 2005)

Riggs to Enter Guilty Plea: Bank to Pay $16 Million Fine Related to Suspicious Activity (Post, Jan. 27, 2005)

U.S. Regulators Investigate Chilean Bank (Post, Jan. 22, 2005)

Inquiry Into Use of Riggs Plane Expands (Post, Jan. 19, 2005)

Riggs Directors Silent As Scandal Unfolded: Members of 2 Boards Followed Joe Allbritton's Lead (Post, Jan. 17, 2005)

Move Indicates Criminal Charges Likely Against Ex-Riggs Executive (Post, Jan. 11, 2005)

Riggs Negotiating Settlement With Justice Department (Post, Jan. 5, 2005)

U.S. Seeks Assets of Ex-Riggs Executive: Government Alleges Improper Transfers (Post, Dec. 29, 2004)

Job Provision Born of Riggs Scandal (Post, Dec. 9, 2004)

Riggs Replaces Its Chief Legal Officer (Post, Dec. 4, 2004)

Riggs Uncovers Deep Ties to Pinochet: Internal Inquiry Finds Indications of Money Laundering (Post, Nov. 20, 2004)

Fed Likely To Say No To Riggs Payments: Caution About Assets Cited (Post, Nov. 19, 2004)

Legal Woes Cut Into Bottom Line at Riggs: Embassy Banking Proves Costly (Post, Nov. 10, 2004)

Investigation, Lawsuits May Hinder Riggs Sale: Analysts Not Counting on Bank's Acquisition by PNC (Post, Nov. 2, 2004)

Regulator Wants Riggs Records on Jet, London Apartment (Post, Oct. 6, 2004)

HSBC to Open D.C. Branch, Pursue Embassy Clients (Post, Oct. 5, 2004)

Pinochet Faces Tax Charges in Chile (Post, Oct. 2, 2004)

Riggs Probe Includes Recordings: Investigators Have Tapes of Board Meetings (Post, Sept. 17, 2004)

Probe Links Pinochet, Allbritton (Post, Sept. 14, 2004)

U.S. Oil Firms Entwined in Equatorial Guinea Deals: Riggs Probe Led to SEC Inquiry on Corruption, Profiteering (Post, Sept. 7, 2004)

Outside Expert Did Business With Dictator (Post, Sept. 7, 2004)

Riggs Evidence Suggests Crimes By Employees: Inquiry Implicates Former Pinochet Account Managers (Post, Sept. 3, 2004)

Pinochet Loses Immunity in Chile: Ruling May Lead to Human Rights Trials (Post, Aug. 27, 2004)

Examiners Asked to Wait Before Accepting Bank Jobs (Post, Aug. 27, 2004)

New Spotlight on Pinochet: Riggs Probe Renews Push to Prosecute Ex-Dictator (Post, Aug. 26, 2004)

Criminal Probe of Riggs Bank Underway: Justice Department Is Looking Into Officers, Directors (Post, Aug. 21, 2004)

PNC Could Mean Payday for Riggs Executives (Post, Aug. 13, 2004)

Riggs Lost $34.4 Million, Hurt by Fines, Core Operations (Post, Aug. 10, 2004)

Riggs Loss Likely to Be Sizable in 2nd Quarter: Fines, Losing Embassy Business Hurt D.C. Bank (Post, Aug. 7, 2004)

Riggs Investigation Prompts Inquiry Into 3 Oil Firms (Post, Aug. 5, 2004)

Justice Dept. to Probe Former Examiner at Riggs (Post, July 29, 2004)

Bush Promises Probe of Pinochet-Riggs Link (Post, July 20, 2004)

Critics Say Allbritton Ruined Bank He Loved (Post, July 17, 2004)

Pittsburgh Bank To Buy Riggs: PNC Financial to Pay $705.2 Million For Embattled Washington Institution (Post, July 17, 2004)

Buying a Broken Bank: PNC Wants to Focus on Average People, Small Businesses (Post, July 17, 2004)

Riggs Bank Sold to PNC Financial Services Group (Post, July 16, 2004; 11:47 AM)

Ex-Riggs Manager Won't Testify About Accounts: Senate Panel Probes Money From Equatorial Guinea (Post, July 16, 2004)

Former Riggs Manager Keeps Mum Before Senate Panel (Post, July 15, 2004; 6:15 PM)

Riggs Bank Hid Assets Of Pinochet, Report Says: Senate Probe Cites Former U.S. Examiner (Post, July 15, 2004)

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