US regulator fines WestLB $3m for 'tying'

WestLB has been fined and reprimanded by US regulators for offering favourable loan terms to clients that gave the bank underwriting business - a process known as 'tying'.

The Federal Reserve Board has fined WestLB $3m for tying and demanded that the bank improve internal procedures to make sure it does not break the rules again.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

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