N.Y. FINANCIAL SERVICES SUPERINTENDENT HARRIS ANNOUNCES $30 MILLION SETTLEMENT WITH INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD. FOR MULTIPLE COMPLIANCE FAILURES
January 20, 2024
January 20, 2024
ALBANY, New York, Jan. 20 -- The New York State Department of Financial Services issued the following news release on Jan. 19, 2024:
Superintendent of Financial Services Adrienne A. Harris announced today that Industrial and Commercial Bank of China Ltd. (ICBC) and its New York branch have agreed to pay $30 million in penalties pursuant to a Consent Order entered into with the New York State Department of Financial Services (DFS). The Consent Order resolves the Department's investig . . .
Superintendent of Financial Services Adrienne A. Harris announced today that Industrial and Commercial Bank of China Ltd. (ICBC) and its New York branch have agreed to pay $30 million in penalties pursuant to a Consent Order entered into with the New York State Department of Financial Services (DFS). The Consent Order resolves the Department's investig . . .