Losses and lawsuits

- By Risk Staff
- 01 Oct 2002

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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

ICAP offered unlawful inducement to Cantor Fitzgerald broker

A London high court judge ruled in September that UK-based bond inter-dealer Garbon Intercapital (ICAP) offered an "unlawful inducement" to a Cantor Fitzgerald broker to break his contract with the US

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