Monthly Top 5 ORX News Losses – November 2018

  • 12 December 2018

1.  Société Générale – $95.0m

Société Générale pays EUR 95 million to NYDFS for AML and compliance deficiencies.

2.  Citigroup – $38.8m

Citibank pays USD 38.8 million to settle SEC allegations it mishandled pre-released ADRs.

3.  LendingTree – $28.7m

Home Loan Center to pay USD 28.7 million in damages due to selling bad mortgage loans.

4.  Aetna – $25.6m

Aetna to pay around USD 25.6 million in bad faith verdict over denied cancer treatment.

5. TD Bank Group – $18.0m

TD Bank pays USD 18 million over claims it disadvantaged TD Ameritrade in Scottrade purchase.

The operational risk year to date

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

ORX News Top 5 November 2018 chart

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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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