In July 2021, a major global bank reported a loss of $5.5 billion as a result of one of its customers defaulting. The bank found that the investment banking branch had failed to manage and control the situation, which was the root cause of the loss. This event highlights the critical importance of having a…

In July 2021, a major global bank reported a loss of $5.5 billion as a result of one of its customers defaulting. The bank found that the investment banking branch had failed to manage and control the situation, which was the root cause of the loss. This event highlights the critical importance of having a…