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Home›Bonds & Rates›Economy›Federal Reserve issues enforcement action involving So…

Federal Reserve issues enforcement action involving SouthPoint Bancshares

The Fed also said it terminated a prior enforcement action involving Deutsche Bank entities, according to its announcement.

Reported · Written up by our desk · Economy

The Federal Reserve Board on Thursday announced an enforcement action involving SouthPoint Bancshares, Inc.

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

The announcement was scheduled for release at 11:00 a.m. EDT, according to the Fed's posted notice.

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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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