Losses and lawsuits

- Risk Staff
- 01 Feb 2002

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A regular review of the losses and problems caused for financial firms falling foul of fraud, management failure, human error and other operational hazards, as recorded in the IC2 First Loss Database

Disaster recovery -- Cantor Fitzgerald

Cantor Fitzgerald, the inter-dealer bond market broker that lost 773 staff in the September 11 World Trade Center attacks, has redesigned its business model to focus on electronic trading via its sister company, eSpeed.

The decision may have been influenced by the

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