Feds warn First Asian Bank on policies

Edwards, John G.
November 2008
Las Vegas Business Press (10712186);11/10/2008, Vol. 25 Issue 45, p15
The article reports that a cease and desist order has been issued to First Asian Bank, based in Las Vegas, Nevada, following unsafe and unsound banking practices. The order, which directs First Asian to correct a long list of deficiencies, has been issued by the Federal Deposit Insurance Corp. and the Nevadan Financial Institutions Division on September 25, 2008. Meanwhile, First Asian Chief Executive William Chu defends the strength of the bank.


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