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November 16, 2021

Federal Reserve Board issues enforcement actions with Industrial and Commercial Bank of China Ltd. and Industrial and Commercial Bank of China Ltd., New York Branch, and a former employee of Eagle Bancorp, Inc. and EagleBank

For release at 11:00 a.m. EST

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

Industrial and Commercial Bank of China Ltd., Beijing, People’s Republic of China; Industrial and Commercial Bank of China Ltd., New York Branch, New York, New York
Written Agreement dated November 4, 2021

Consent prohibition order against Laurence E. Bensignor, dated November 8, 2021
Former employee of Eagle Bancorp, Inc., and EagleBank, Bethesda, Maryland
Unsafe and unsound banking practices

Additional enforcement actions can be searched for here.

For media inquiries, email media@frb.gov or call 202-452-2955.

Last Update:
November 16, 2021

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Author: Editor
Editor represents multiple online news sites, including STL.News, RSSNews.Press and more. We believe that our "direct source news" concept helps provide accurate information to the public without bias. We want to help improve technology so the news is presented as it was intended to be.