Losses & lawsuits
State Street sees double whammy of op risk losses
Megan van Ooyen from SAS rounds up the top five op risk losses for July
$1.5bn subprime hit at HSBC dwarfs other op risk losses
Megan van Ooyen from SAS rounds up the top five op risk losses for June
Bank of the year: UBS
Risk management failures cause the bank to revamp its op risk programme
Benchmark misery will continue to plague banks
Index rigging caused $574 million of op risk losses in May, writes Megan van Ooyen from SAS
Nine years later, RMBS woes still haunt banks
Megan van Ooyen from SAS rounds up the top five operational risk losses for April 2016
Bangladesh Bank fraud is a comedy of op risk errors
Megan van Ooyen from SAS rounds up the top five operational risk losses for March 2016
Actively managing risk culture in energy firms: part one
How energy firms can define, assess, benchmark and manage risk culture
The 10 biggest energy risk management disasters of the past 20 years
The history of energy trading is littered with losses, bankruptcies and other misfortunes that now serve as cautionary tales. Alexander Osipovich looks back at the biggest energy risk management disasters of the past two decades and how they reshaped the…
UBS rogue trader verdict 'leaves door open' for litigation
Verdict in trial of Kweku Adoboli may lead to litigation against UBS, legal expert warns
SEC subpoenas Wells Fargo in fraud investigation
Bank accused of failing to provide necessary evidence
Suspected $150 million rogue trade uncovered at Threadneedle
City of London Police investigating blocked trade
Ex-Goldman Sachs programmer freed
Appeal court overturns conviction for code theft
UBS could 'get slammed' by FSA enforcement investigation
The FSA announces commencement of its formal investigation that could see UBS 'get slammed', according to one legal expert
Adoboli plea will complicate trial, say lawyers
'Not guilty' plea could be stalling tactic or attempt to spread guilt, lawyers say
Long-time Madoff employee charged with fraud
SEC charges another Madoff executive for his role in the multi-billion dollar Ponzi scheme
Adoboli given extra month to respond to 'rogue trading' charges
Ex-UBS trader Adoboli's plea hearing has been adjourned until December
Hedge fund managers charged in connection with multi-billion dollar Ponzi scheme
Two hedge fund managers have been charged by the SEC with facilitating a multi-billion dollar Ponzi scheme
Citigroup settles CDO charges for $285 million
The SEC has ordered Citigroup to pay $285 million to settle charges relating to a short position taken against its own CDO investors
Rajaratnam sentenced to 11 years for Galleon insider trading
Galleon insider trader Raj Rajaratnam has been given a record sentence in the US for insider trading
UBS could face lawsuits after rogue-trading losses
Management failures could leave bank liable
Axa Rosenberg clients 'betrayed' by co-founder
Clients of Axa-Rosenberg lost $217 million because its co-founder concealed an error in one of its models, regulator says
NCUA sues Goldman Sachs for $491 million
Bank mis-sold mortgage-backed securities to credit unions, regulator says
SEC obtains restraining order against Select Asset Management
$52 million fraud misused investor capital, SEC claims