The Federal Reserve Board last week removed Ricardo Colon from his job as controller of Banca Nacionale Dell'Agricultore's New York branch, and barred him from ever working in the U.S. banking industry.

The Fed said Mr. Colon pleaded guilty in January to stealing bank funds for his personal use, a felony charge. At the time, he was controller of the New York branch of Banca Serfin S.A., Monterrey, Mexico.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.