Top 5 ORX News Losses: Q2 2022

  • 12 May 2022

Each month, the ORX News team publish a list of the five largest losses reported in the previous month.

Find out which operational risk loss events have had the most impact recently in the monthly top five losses of Q2 2022 from ORX News.




1. Habematolel Pomo of Upper Lake Tribe - $500m

Habematolel Pomo settles for USD 500 million over usurious interest rates on loans.

2. Essilor Luxottica - $272.2m 

Essilor loses USD 272.2 million from JPMorgan-held accounts in transfers approved by employee.

3. Wells Fargo & Co. - $32.5m

Wells Fargo settles USD 32.5 million class action over self-dealing 401k pension plan.

4. Banco do Brasil- $21.6m

Banco do Brasil allegedly defrauded of BRL 100 million by loans subsidiary Consórcio BB.

5. Westpac Banking Corp. - $20.3m

Westpac to pay AUD 27.4 million for maintaining and charging deregistered company accounts.

Download April's Top 5