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Federal Reserve takes enforcement action involving SouthPoint Bancshares

Reported · Written up by our desk · Economy

The Federal Reserve Board announced an enforcement action involving SouthPoint Bancshares, Inc., according to a Thursday release.

In the same announcement, the Fed also said it has terminated an existing enforcement action involving Deutsche Bank AG, DB USA Corporation, and the Deutsche Bank AG New York Branch.

The release is dated for issuance at 11:00 a.m. EDT, and it provides the starting point for the Fed’s enforcement actions, including the SouthPoint Bancshares matter and the Deutsche Bank termination.

Details beyond the announcement framing were not included in the provided text.

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Sources

Federal ReserveFederal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch

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