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NY regulator presses European banks about hidden assets

From reuters.com

New York's state banking regulator has stepped up pressure on four European banks, ordering them to hand over details of their transactions with a Jordanian bank and documents related to Turkey's Uzan family, which owes billions of dollars to Motorola Credit Corp. In an order issued Thursday, the state Department of Financial Services told New York branches of the banks they must submit a reasonable timetable for compliance by October 18. The four banks are BNP Paribas SA (BNPP.PA), Credit Agricole SA (CAGR.PA), Societe Generale (SOGN.PA) and Standard Chartered Plc (STAN.L). New York Banking Superintendent Benjamin ... (full story)

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