Press Release

November 19, 2019 Federal Reserve Board issues enforcement action with former employee of East West Bank and announces termination of enforcement actions with Markesan State Bank, Banco Espírito Santo, and Espírito Santo e Comercial de Lisboa, Inc. For release at 11:00 a.m. EST Share 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 . For media inquiries, call 202-452-2955. Attachment (PDF)

Federal Reserve (2019, November 18). Press Release. Press Releases, Federal Reserve. https://whenthefedspeaks.com/doc/press_release_20191119_federal_reserve_board_issues_enforcement_action

@misc{wtfs_press_release_20191119_federal_reserve_board_issues_enforcement_action,
  author = {Federal Reserve},
  title = {Press Release},
  year = {2019},
  month = {Nov},
  howpublished = {Press Releases, Federal Reserve},
  url = {https://whenthefedspeaks.com/doc/press_release_20191119_federal_reserve_board_issues_enforcement_action},
  note = {Retrieved via When the Fed Speaks corpus}
}