Mealey's Banking & Finance - Panel Refuses To Overturn Ban, Fine Against Former Bank CEO

Mealey's Banking & Finance - Panel Refuses To Overturn Ban, Fine Against Former Bank CEO

WASHINGTON, D.C. - The District of Columbia Circuit U.S. Court of Appeals on March 7 rejected the former CEO of the failed Sterling Bank's appeal of an Office of the Comptroller of the Currency (OCC) ban and $1 million fine for misrepresenting the bank's capital reserves, finding that he could not assert that he lacked information about changing regulations (Lawrence Dodge v. Comptroller of the Currency, No. 12-1416, D.C. Cir.; 2014 U.S. App. LEXIS 4248).

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