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.