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

Provident Financial Group uncovers accounting errors

US-based Provident Financial Group -- the parent company of Provident Bank -- was in March forced to restate six years of earning because of accounting errors in the methodology it used to value nine auto lease tra

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