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Japanese financial watchdog halts private banking activities at Societe Generale Japan

Following an inspection of Societe Generale Private Banking Japan, the nation’s financial watchdog, Financial Services Agency (FSA), will suspend multiple activities at the French bank due to “serious violations of laws and regulations”. A spokesperson for Societe Generale Private Banking confirmed the FSA’s suspension saying the bank has taken “remedial action to strengthen its governance and decision-making process” and that…

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