Monthly op risk losses: Aequitas faces $192m loan settlement

ORX News
15 Sep 2017

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Publicly reported operational risk losses in August 2017 totalled $983 million – slightly higher than July, but still relatively low compared with other months of the year, as well as the same period a year ago, according to ORX News, provider of publicly reported loss information.

The largest loss is a $192 million settlement proposed by the US Consumer Financial Protection Bureau in a complaint against private equity firm Aequitas Capital Management. The complaint alleged Aequitas purchased

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