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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK still has the highest services inflation among the G10, says analystValentin Marinov, managing director & global head of G10 FX and UK research at Credit Agricole Corporate and Investment Bank, discusses the FX market and potential rate cuts with CNBC.
Persons: Valentin Marinov Organizations: Credit Agricole Corporate, Investment Bank, CNBC
Two subsidiaries of French bank Crédit Agricole Group’s corporate and investment banking arm have agreed to pay more than $1.12 million in civil penalties to settle alleged violations of U.S. sanctions, the Treasury Department said on Monday. Separately, CFM Indosuez Wealth, a Monaco-based indirect subsidiary also of Crédit Agricole Corporate and Investment Bank, has agreed to pay $401,039 for allegedly violating sanctions against Cuba, Iran and Syria, OFAC said. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEW Representatives of Crédit Agricole Corporate and Investment Bank didn’t immediately respond to a request for comment. The two subsidiaries were responsible for implementing the compliance policies of their two parents, Crédit Agricole SA and its investment banking arm, but failed to do so from as early as 2011 until 2016, according to OFAC.
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