"ICBC Fined $2.4 Million for Unauthorized Disclosure of Supervisory Information"
The Federal Reserve Board has fined the Industrial and Commercial Bank of China Ltd. and its New York branch approximately $2.4 million for unauthorized use and disclosure of confidential supervisory information, including reports of bank examinations and other confidential communications by banking regulators, totaling approximately $32.4 million in penalties with the New York Department of Financial Services.