Losses and lawsuits


Our regular review of the losses and problems caused for financial firms falling foul of fraud, management failure, human error and other operational hazards, as taken from the full descriptions in the IC2 First Loss Database

SunTrust Bank -- $20 million transfer error

SunTrust Bank was dismissed as custodian for the city of Clearwater, Florida’s $580 million pension plan in July, after mistakenly transferring $20 million to the plan’s international equity holdings from its bond portfolio rath

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