Losses and lawsuits

Loss database

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

Freddie Mac

Freddie Mac, a US government-sponsored mortgage company, fired its president, David Glenn, on June 9 for allegedly failing to co-operate with an ongoing investigation into the company’s accounting practices. In addition, chairman and chief executive Leland Brendsel

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