Each month, the ORX News team publish a list of the five largest operational risk losses reported in the previous month by industry and region. The top five provides a snapshot of the stories in the ORX News database.
ORX News is the industry’s leading source of publicly-reported operational and non-financial risk loss events. Subscribers get full access to the summaries of the losses mentioned below. Each summary provides an overview of the loss and is categorised by over 50 dimensions including:
- Sector, country and region
- Business line and event type level 1 and 2
- ORX Reference Taxonomy standard level 1 and 2
Read on to discover the top operational risk loss events that have had the most impact based on loss amount, followed by the largest loss for insurance, and the largest losses by region.
Five largest operational risk losses in July 2026
1. Zentoshin – $695.6 million
Zentoshin directors obtain up to JPY 112.96 billion in bank loans via fraudulent statements (ORX News subscribers log in to read the full summary)
2. Bank of Baroda – $600 million
Bank of Baroda pays USD 600 million to administrators of NMC Health over fraud allegations (ORX News subscribers log in to read the full summary)
3. Kinki Sangyo Credit Union – $135.4 million
Kinki Sangyo Credit Union loses up to JPY 21.99 billion over alleged loan fraud by Zentoshin (ORX News subscribers log in to read the full summary)
4. Wells Fargo – $50 million
Wells Fargo pays USD 50 million to settle class action claims it enabled Ponzi scheme (ORX News subscribers log in to read the full summary)
5. Swedbank – $50 million
Swedbank fined USD 50 million for non-cooperation with information requests related to Panama Papers (ORX News subscribers log in to read the full summary)
Largest insurance loss
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HDI Global – $5.6 million
HDI Global fined GBP 4.2 million by PRA over inaccurate data submissions (ORX News subscribers log in to read the full summary)
Largest losses by region
Subscribers of ORX News can log into the ORX News platform to view all top five losses by region.
North America
Wells Fargo – $50 million
Wells Fargo pays USD 50 million to settle class action claims it enabled Ponzi scheme (ORX News subscribers log in to read the full summary)
Global
Zentoshin – $695.6 million
Zentoshin directors obtain up to JPY 112.96 billion in bank loans via fraudulent statements (ORX News subscribers log in to read the full summary)
About ORX News
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