Using supervisory operational loss data of the U.S. banking industry, we analyze correlations among operational losses …

Using supervisory data from large U.S. bank holding companies (BHCs), we document that BHCs suffer more operational … losses during episodes of extreme storms. Among different operational loss types, losses due to external fraud, BHCs' failure …

reduce significant idiosyncratic operational losses. A systemic risk event that leads to significant losses in a bank holding … referred to as idiosyncratic viral loss theory. This idiosyncratic viral loss theory discusses systemic operational losses that …

After the 2008 global financial crisis, U.S. bank holding companies needing to cover larger-than-expected loan losses …