The Risk Universe is a website and a monthly digital magazine that seeks to shed some much needed illumination onto the world of operational risk management.

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Citi pays $30 million fine to settle real-estate violations

Citibank has agreed to pay a $30 million fine to settle charges of repeated violations of real estate holding rules and for failing to meet its commitment to take corrective actions, the U.S. Office of the Comptroller of the Currency (OCC) said on Friday.

British regulator reviews JPMorgan metals trading amid U.S. probe

Britain’s financial services regulator is examining allegations of precious metals market manipulation by JPMorgan Chase & Co traders following criminal charges by U.S. authorities, according to two people familiar with the matter.

The FCA fines Tullett Prebon £15.4 million

The Financial Conduct Authority (FCA) has fined Tullett Prebon (Europe) Limited (Tullett Prebon) £15.4 million for failing to conduct its business with due skill, care and diligence, failing to have adequate risk management systems and for failing to be open and cooperative with the FCA.

Mexico regulator cites proof that banks manipulated bond market

Mexico’s antitrust regulator notified top banks that its investigator found probable evidence of cartel-like practices to manipulate government bond prices, according to people with knowledge of the matter.

ANZ forced to pay back customers a billion dollars in fees and charges - as its shares are put into a trading halt

ANZ has been forced to pay back its customers more than $1 billion in fees and charges.

Alabama hospitals pay hackers in ransomware attack

An Alabama hospital system that quit accepting new patients after a ransomware attack said Saturday it had gotten a key to unlock its computer systems.

MP files criminal complaint against 7 banks for Swiss franc loans

MP Goran Aleksić of the SNAGA party said on Friday he had filed a criminal complaint against seven banks that were convicted in a class action lawsuit relating to Swiss franc-denominated loans, accusing them of a joint criminal enterprise against the citizens of Croatia.

Finra panel orders Stifel to pay $1.5 million to clients

An arbitration panel of the Financial Industry Regulatory Authority Inc. has ordered Stifel Nicolaus & Co. to pay $1,524,176 to four of 12 clients who claimed the firm breached its duties and committed other securities law violations.

Huge data leak hits Sberbank

Personal information of up to 60 million credit card holders of the Russia’s biggest bank ended up for sale on the online black market, the Kommersant newspaper reported Thursday, quoting the DeviceLock cybersecurity company, which first noticed the internet ad.

Regulatory group wants names of 30 ex-JPMorgan advisors accused of ‘suspicious activity’

State regulators are stepping in where FINRA says it cannot tread.

Judge orders Marex to pay most of $32 million metals fraud bill

Glencore warehouse unit Access World was mostly to blame for $32 million (£26.12 million) of losses from a complex metals fraud, but broker Marex Spectron will have pay most of the bill to French bank Natixis, a UK judge ruled on Wednesday.

Merrill Lynch hid profits from cum-ex deals, ex-trader tells court

Bank of America Corp.’s Merrill Lynch unit was among lenders getting a share of the profit of clients’ so-called Cum-Ex trades, and tried to hide payments linked to the controversial tax-driven practice by masking them via unrelated future transactions, a former trader said in a German court.

 
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