Losses and lawsuits


Our monthly review of fraud management failure, human error and other operational hazards at financial firms around the world, distilled from the First database of operational risk loss events and case studies

JP Morgan Chase/Citigroup

US regulator the Securities and Exchange Commission (SEC) said on July 28 that JP Morgan Chase had agreed to pay $162.5 million to resolve charges it aided and abetted Enron in the manipulation of its reported financial results. At the same time, Citigroup settl

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