Federal Reserve Board issues enforcement action with Société Générale S.A. and announces termination of enforcement action with Cecil Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 19, 2017. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Société Générale S.A. (PDF), Paris, France, and Société Générale New York Branch, New York, New York Cease and Desist Order dated Dec. 14, 2017 The Federal Reserve Board also announced the termination of the enforcement action listed below: Cecil Bank, Elkton, Maryland, PCA Directive dated August 7, 2015 Terminated Dec. 13, 2017 The enforcement action from August 2015 can be found here and other enforcement actions can be searched for here.

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Source: Board of Governors of the Federal Reserve System