Federal Reserve Board issues enforcement action with former employee of East West Bank and announces

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below:

Consent prohibition against Thang Nguyen, former employee of East West Bank, Pasadena, California, following the Board’s allegations that he misappropriated funds from a customer’s account.

The Board also announced the termination of the enforcement actions listed below:

Markesan State Bank, Markesan, Wisconsin

Written Agreement, dated September 8, 2017 (PDF)

Terminated November 6, 2019

Banco Espírito Santo, S.A., Lisbon, Portugal and Espírito Santo e Comercial de Lisboa, Inc., Newark, New Jersey

Order to Cease and Desist, dated April 2, 2012 (PDF)

Terminated November 13, 2019

Additional enforcement actions can be searched for here.

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