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    Home»Economy & Policy»Fed & Rates»Federal Reserve Board – Federal Reserve Board issues enforcement action with former employee of Manufacturers and Traders Trust Company
    Fed & Rates

    Federal Reserve Board – Federal Reserve Board issues enforcement action with former employee of Manufacturers and Traders Trust Company

    Money MechanicsBy Money MechanicsJune 18, 2026No Comments1 Min Read
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    Federal Reserve Board – Federal Reserve Board issues enforcement action with former employee of Manufacturers and Traders Trust Company
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    June 18, 2026

    Federal Reserve Board issues enforcement action with former employee of Manufacturers and Traders Trust Company

    For release at 11:00 a.m. EDT

    The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below:

    Consent prohibition order against Matthew Cheong

    Former employee of Manufacturers and Traders Trust Company

    Embezzlement by bank employee

    Additional enforcement actions can be searched for here.

    For media inquiries, please email [email protected] or call 202-452-2955.

    Last Update:
    June 18, 2026



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