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Federal Reserve: Terminates enforcement action against FTX-linked Farmington State Bank
2024-02-06 16:13
Odaily News The Federal Reserve stated that it has terminated its enforcement actions against the FTX-related Farmington State Bank. The Federal Reserve stated that the previous enforcement actions began in July last year to ensure that the bank could protect depositors in the event of failure. Currently, Farmington State Bank It no longer has a banking function. (Bloomberg)
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