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

Lloyds TSB

The Financial Services Authority (FSA) announced on September 25 that it had reached a £100 million ($166 million) settlement with Lloyds TSB over charges of mis-selling high income equity-linked bonds through its branch network. The settlement includes a £1.9 million fine and

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