Business

M&T Must Forfeit Drug Cash for Failing to File Reports

(Bloomberg) – M&T Bank Corp. (MTB), whose takeover of Hudson City Bancorp Inc. (HCBK) has been stalled by regulators for almost two years because of lax internal controls, was ordered to forfeit $560,000 that a teller laundered for a drug gang. U.S. District Judge James Bredar in Baltimore Read More

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