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Article: FDIC, FEDERAL RESERVE BOARD, NEW YORK STATE BANKING DEPARTMENT ANNOUNCE ENFORCEMENT ACTIONS AGAINST BANK OF TOKYO-MITSUBISHI UFJ
- Article from:
- US Fed News Service, Including US State News
- Article date:
- December 18, 2006
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The Federal Deposit Insurance Corporation issued the following news release:
The Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, and the New York State Banking Department (NYSBD) today announced the issuance of separate but coordinated enforcement actions regarding The Bank of Tokyo-Mitsubishi UFJ, Ltd., Tokyo, Japan, and some of its U.S. operations.
The FDIC and the NYSBD issued a joint Order to Cease and Desist against the Bank of Tokyo-Mitsubishi UFJ Trust Company, a New York State-chartered banking corporation. Bank of Tokyo-Mitsubishi UFJ Trust Company, without admitting or denying the allegations, consented to the issuance of the Order. The Order determined ...