Fed Terminates Enforcement Actions with Four Banks
Summary
The Federal Reserve Board announced termination of Cease and Desist Orders with Crédit Agricole S.A., Crédit Agricole Corporate and Investment Bank, Mega International Commercial Bank Co., Ltd., and The Goldman Sachs Group, Inc. The enforcement actions, dating from 2015 and 2018, were terminated effective March 25, 2026.
What changed
The Federal Reserve announced the termination of Cease and Desist Orders that had been in place against Crédit Agricole S.A. and Crédit Agricole Corporate and Investment Bank (since October 2015), Mega International Commercial Bank Co., Ltd. and its U.S. branches in New York, Chicago, and Silicon Valley (since January 2018), and The Goldman Sachs Group, Inc. (since May 2018). All three enforcement actions were terminated effective March 25, 2026.\n\nFor the affected financial institutions, the termination removes specific regulatory restrictions and ongoing compliance obligations that were imposed under the original Cease and Desist Orders. These banks can now operate without the heightened supervisory oversight that typically accompanies active enforcement actions. Other financial institutions and bank holding companies should note that the Federal Reserve maintains a searchable database of enforcement actions, and compliance history remains a factor in regulatory examinations and applications.
What to do next
- Monitor for any new enforcement actions from federal banking regulators
- Review internal compliance programs that were implemented in response to prior orders
Archived snapshot
Apr 9, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Press Release
April 09, 2026
Federal Reserve Board announces termination of enforcement actions with Crédit Agricole S.A. and Crédit Agricole Corporate and Investment Bank, Mega International Commercial Bank Co., Ltd, and the Goldman Sachs Group, Inc.
For release at 11:00 a.m. EDT
Crédit Agricole S.A., Paris, France, and Crédit Agricole Corporate and Investment Bank, Paris, France
Cease and Desist Order dated October 19, 2015
Terminated March 25, 2026
Mega International Commercial Bank Co., Ltd, Taipei, Taiwan, Mega International Commercial Bank Co., Ltd. New York Branch, New York, New York, Mega International Commercial Bank Co., Ltd. Chicago Branch, Chicago, Illinois, and Mega International Commercial Bank Co., Ltd. Silicon Vally Branch, San Jose, California
Cease and Desist Order dated January 17, 2018
Terminated March 25, 2026
The Goldman Sachs Group, Inc., New York, New York
Cease and Desist Order dated May 1, 2018
Terminated March 25, 2026
Additional enforcement actions can be searched for here.
For media inquiries, please email [email protected] or call 202-452-2955.
Last Update:
April 09, 2026
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