| For immediate release |
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The Federal Reserve Board today announced the issuance of a consent Order against the Korea Exchange Bank, Seoul, Korea, its Los Angeles Agency, and its Chicago, Broadway, New York, and Seattle Branches. The Order was issued jointly with the Federal Deposit Insurance Corporation, the California Department of Financial Institutions, the Illinois Office of Banks and Real Estate, the New York State Banking Department, and the Washington Department of Financial Institutions. A copy of the Order is attached. |