Top five losses: JP Morgan fined for mis-advising, London Whale
Latest data on op risk losses from SAS (to December 31, 2015)
Financial services firms suffered relatively minor losses in 2015, with the monthly top five loss total averaging approximately $307 million; by comparison, that number was $1.04 billion in 2014. Although the settlements were lower, regulatory agencies continued to pursue financial services firms in 2015. December was no different, with the Securities and Exchange Commission (SEC), Commodity
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