FDIC Levies $140 Million Penalty Against Banamex USA – ValueWalk Premium
Banamex

FDIC Levies $140 Million Penalty Against Banamex USA

Citigroup said it would close Banamex USA, and pay $140 million to regulators who alleged the unit did not correct weaknesses identified in 2012 in its anti-money laundering programs.

The fine of $140 million imposed by the FDIC includes $40 million in civil penalties to be paid to California’s Department of Business Oversight.


FDIC’s $140 million penalty against Banamex USA
As part of its purchase of Banco Nacional de Mexico, Citigroup acquired what . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

0