The Federal Reserve Board has banned from banking Eric C. Dill, a former employee of the New York branch of National Bank of Canada.

The Fed said Monday that Mr. Dill had mispriced securities in the bank's trading portfolio, causing substantial losses. Mr. Dill did not admit any wrongdoing but agreed not to work for another bank, serve on a bank board of directors, or vote shares of any bank stock without the Fed's prior approval.

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.