The following are some of the additions and updates to IC2’s First Loss Database in October
Major fraud at UBS New York
A major case of fraud at Swiss bank UBS emerged in the Swiss press in late September. A Swiss national employee of UBS New York is accused of embezzling $70 million. The employee had worked for UBS in its New York-based private banking department for over 30 years, and was a highly respected member of his Westchester, New York community.
Update on Superior Bank
In early Octo
The week on Risk.net, July 7-13, 2018Receive this by email