How to break from nested loops in Ruby?

Catch and throw might be what you are looking for:

bank.branches do |branch|
  catch :missingyear do  #:missingyear acts as a label
    branch.employees.each do |employee|
      (2000..2011).each do |year|
        throw :missingyear unless something  #break out of two loops
      end
    end
  end #You end up here if :missingyear is thrown
end