WASHINGTON, Sept 29 The Federal Reserve on Thursday told Agricultural Bank of China, one of the Asian country's top four banks, to bolster its compliance and risk management operations in order to ensure it adhered to U.S. rules.
The Fed gave the Chinese bank 60 days to come up with a comprehensive plan to ensure it was in compliance with regulations issued by the U.S. Treasury's Office of Foreign Assets Control.
The Fed said it had identified "significant deficiencies" in the bank's compliance with anti-money laundering laws. (Reporting by David Chance; Editing by Paul Simao)
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.