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Federal Reserve announces enforcement action involving Small Business Bank

Reported · Written up by our desk · Economy

The Federal Reserve Board said it executed an enforcement action involving Small Business Bank, according to a Thursday announcement.

The Fed also said it terminated previously issued enforcement actions tied to BNP Paribas S.A., BNP Paribas USA, Inc., BNP Paribas Securities Corp., and Community Bankshares, Inc.

The release was published for release at 11:00 a.m. EDT.

← Newer storyU.S. payrolls rise slows in June, unemployment holds at 4.2%

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Sources

Federal ReserveFederal Reserve Board issues enforcement action with Small Business Bank and announces termination enforcement actions with BNP Paribas S.A., BNP Paribas USA, Inc., BNP Paribas Securities Corp., and Community Bankshares, Inc.

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