International edition Finance & trade

Wednesday, 5 August 2026

National Trade News

Independent coverage of global markets, trade and finance

Policy & regulation

Federal Reserve Board issues enforcement action with former employee of Manufacturers and Traders Trust Company

· Federal Reserve

Federal Reserve Board issues enforcement action with former employee of Manufacturers and Traders Trust Company

The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below:

Consent prohibition order against Matthew Cheong
Former employee of Manufacturers and Traders Trust Company
Embezzlement by bank employee

Additional enforcement actions can be searched for here.

For media inquiries, please email [email protected] or call 202-452-2955.