You have entered into a Deferred Prosecution Agreement with the United States in which it admitted facts, the bank, that related to past conduct, accepted responsibility for a violation of U.S. law, paid a $780 million fine, and turned over the names of a very tiny subset of U.S. clients.
Carl Levin: “You have entered into a Deferred Prosecution Agreement with the United States in which it admitted facts, the bank, that…”
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Levin discusses a bank's admission of wrongdoing and its consequences.
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