Monthly Top 5 ORX News Losses 2017

  • 19 January 2018

Each month ORX News publishes the Top 5 losses. This is a summary of the five biggest operational risk loss events recorded in the ORX News database in the last calendar month.

December's Top 5:

  1. Woodbridge Group of Companies – $1.22 billion
  2. China Guangfa Bank – $109.1 million
  3. QBE Insurance – $102.8 million
  4. BBVA Compass – $98 million
  5. Postal Savings Bank of China - $79.6 million

The operational risk year to date

Summary of distribution, frequency and severity of ORX News event digests.

January 2018

About the ORX News Monthly Top 5s

The loss events are ranked by loss amount, and listed with their location, business line and event type. The ORX News researchers also add a short summary of each loss event. Download the Top 5s below to find out more.

ORX News is an industry-leading provider of publicly reported operational risk loss events. For more information or if you are interested in subscribing, visit the ORX News homepage.

Download the Top 5s of 2017

December

Woodbridge Group of Companies – $1.22 billion
China Guangfa Bank – $109.1 million
QBE Insurance – $102.8 million
BBVA Compass – $98 million
Postal Savings Bank of China - $79.6 million

November

Credit Suisse – $135 million
JPMorgan – $75 million
KBC Bank Ireland – $69.4 million
Bank of America – $68.6 million
Bangladesh Krishi Bank - $51.5 million

October

Intesa Sanpaolo– $117.4 million
Deutsche Bank – $56.8 million
Merrill Lynch – $45.5 million
Royal Bank of Scotland – $44.1 million
ANZ – $39.1 million

September

Eight Indian banks – $757.2 million
Habib Bank – $225 million
National Collegiate Student Loan Trusts – $19.1 million
Ocwen Loan Servicing – $17.5 million
Banca Popolare di Vicenza – $13.3 million

August

Trade Bank of Iraq – $415 million
Aequitas Capital Management – $192 million
PHH – $74 million
Deutsche Bank – $48.5 million
Verdmont Capital – $38.4 million

July

BTC-e – $110 million
Rietumu Banka – $90.8 million
JPMorgan Chase – $71 million
N Brown – $51.5 million
Morgan Stanley – $50 million

June

Agricultural Bank of China – $470.6 million
SinoPac – $164.6 million
Bank of America – $37 million
Bayern LB – $22.4 million
Home Capital Group – $21.5 million

May

Banco Nacional de Desenvolvimento Econômico e Social – USD 2.56 billion
Société Générale – USD 1.05 billion
Integrated Microfinance Bank – USD 167 million
Lloyds – USD 108.7 million
Barclays Bank – USD 97 million

April

China Minsheng Banking Corp. – USD 436.2 million
Shoko Chukin Bank – USD 179.4 million
Union Bank of India – USD 171 million
Central Bank of India – USD 146.6 million
Deutsche Bank – USD 137 million

March

BBVA – USD 766.1 million
Deutsche Bank – USD 483.8 million
Banco Bradesco – USD 257.4 million
Pacific Investment Management – USD 81 million
Total System Services – USD 53 million

February

P2P Financial Information Service – USD 506.2 million
Standard Life – USD 218.4 million
Daiwa Securities Group – USD 152.8 million
Morgan Stanley – USD 70 million
Mitsubishi UFJ Financial Group – USD 33.5 million

January

Western Union – USD 591 million
Sabadell – USD 439.7 million
BBVA – USD 432.2 million
Deutsche Bank – USD 204.5 million
Deutsche Bank – USD 131.3 million