Viola Makin

Nomura Group: Trading with Privileged Information

Nomura Group: Trading with Privileged Information

By / 1 Nov, 2017 /

CASE STUDY. In late March 2012, the Securities Exchange and Surveillance Commission (SESC), the investigative unit of the Japanese Financial Services Authority (FSA), confirmed that Nomura Securities Co., Ltd (NSC) – a subsidiary of Nomura Holdings, Inc. – had been involved in insider trading.

Read More
Charterhouse Bank: Banking Operations Undermining the Law

Charterhouse Bank: Banking Operations Undermining the Law

By / 1 Nov, 2017 /

CASE STUDY. On 23 June 2006, the Central Bank of Kenya (CBK) announced that it had placed Charterhouse Bank (Charterhouse) under statutory management as a result of an ongoing investigation into banking operations at Charterhouse.

Read More
Peregrine Financial Group: Misappropriating Customer Funds

Peregrine Financial Group: Misappropriating Customer Funds

By / 1 Nov, 2017 /

CASE STUDY. In early July 2012, the United States Commodity Futures Trading Commission (CFTC) filed a federal lawsuit against Peregrine Financial Group In. c(PFG), a futures trading firm, and its founder Russell Wasendorf.

Read More
UBS AG: The Cost of Failing to Manage Operational Risk

UBS AG: The Cost of Failing to Manage Operational Risk

By / 1 Nov, 2017 /

CASE STUDY. On 15 September 2011, news of United Bank of Switzerland’s (UBS) operational failures in its investment banking division hit the market.

Read More
Standard Chartered Bank plc: Violating Banking Sanctions for Profit

Standard Chartered Bank plc: Violating Banking Sanctions for Profit

By / 1 Nov, 2017 /

CASE STUDY. On 6 August 2012, Benjamin Lawsky, superintendent of the New York State Department of Financial Services (DFS), announced findings from an investigation of Standard Chartered Bank New York (SCBNY).

Read More
Bank Saderat Iran: Financial Embezzlement under Sharia Law

Bank Saderat Iran: Financial Embezzlement under Sharia Law

By / 1 Nov, 2017 /

CASE STUDY. In September 2011, news of Bank Saderat Iran’s involvement in an embezzlement operation became public.

Read More
Barclays Bank: Colluding to Manipulate LIBOR

Barclays Bank: Colluding to Manipulate LIBOR

By / 1 Nov, 2017 /

CASE STUDY. In late June 2012, the results of a long-term investigation by the United Kingdom’s (UK) financial watchdog, Financial Services Authorities (FSA), revealed that derivatives traders and bankers at Barclays bank had been colluding to influence submissions that influenced the London Interbank Offered Rate (LIBOR) and the European Interbank Offered Rate (EURIBOR).

Read More
Moral Bankruptcy and Trading Losses at Société Générale

Moral Bankruptcy and Trading Losses at Société Générale

By / 1 Nov, 2017 /

CASE STUDY. The purpose of this case is to generate discussion and learning on ethics and corporate governance.

Read More
Deutsche Bank AG: Spying on Stakeholders

Deutsche Bank AG: Spying on Stakeholders

By / 1 Nov, 2017 /

CASE STUDY. In May 2009, news of Deutsche Bank’s spying operations became public. Over a period of six years, the bank’s corporate security department had conducted secret surveillance of certain employees, board members and shareholders.

Read More
Lehman Brothers: The Fall from Grace

Lehman Brothers: The Fall from Grace

By / 1 Nov, 2017 /

CASE STUDY. On 15 September 2008, Lehman Brothers Holdings Inc. filed for bankruptcy protection at the United States Bankruptcy Court in Manhattan, New York.

Read More