Top 5 ORX News Losses: Q4 2022

  • 9 November 2022
ORX News Top 5 Q4 2022

Each month, the ORX News team publish a list of the five largest operational risk losses reported in the previous month. Read on to find out which operational risk loss events have had the most impact recently in Q4 2022.

October 2022

1. Credit Suisse – $234.6m  

Credit Suisse to pay EUR 238 million to settle French money laundering and tax fraud charges.

2. Binance – $100m 

Binance blockchain loses more than USD 100 million via exploited cross-chain bridge flaw. 

3. Barclays – $56.1m

Barclays fined GBP 50 million by FCA over undisclosed fees in crisis-era Qatari fundraising.

4. Bittrex – $29.3m

Bittrex to pay around USD 29.3 million for sanctions violations and AML contraventions. 

5. Customers Bancorp – $23m

Customers Bank agrees to pay USD 23 million over PPP loan dispute with fintech lender.

Download October's Top 5

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Stay on top of the latest operational risk losses with ORX News. ORX News is a leading source for information and analysis on publicly reported operational risk loss events from around the globe.

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