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.

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