Losses and lawsuits


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

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: