Monthly Top 5 ORX News Losses – June 2018

  • 10 July 2018

1.  Société Générale – $750.0m

SocGen pays USD 750 million in LIBOR settlements with DoJ and CFTC.

2.  Citigroup – $335.0m

Citibank agrees with CFPB to refund cardholders USD 335 million in overpaid interest.

3.  Société Générale – $292.2m

SocGen settles with DoJ for USD 292 million over alleged bribery scheme in Libya.

4.  Société Générale – $291.6m

SocGen settles with French authorities for EUR 250.2 million over alleged bribery in Libya.

5. OFK Bank – $225.1m

OFK Bank former president allegedly issues RUB 14.2 billion in fraudulent commercial loans.

The operational risk year to date

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

June 2018

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ORX News top five

Each month, the ORX News team publish a round-up of the five largest operational risk loss events recorded in the ORX News database.

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