Losses and lawsuits


Our regular review of the losses and problems caused for financial firms falling foul of fraud, management failure, human error and other operational hazards, as taken from the full descriptions in the IC Squared First loss database

Former Lehman Brothers broker implicated in money laundering case

In a people risk and money laundering case, a former broker with US investment bank Lehman Brothers was implicated in a complex scheme to shelter suspect money. US prosecutors recently alleged the br

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