Fed Assesses a $37 Million Penalty Against Pharaon for BCCI Dealings

WASHINGTON -- The Federal Reserve Board said Tuesday that it assessed a $37 million penalty against Saudi Arabian financier Ghaith Pharaon for illegal dealings with Bank of Credit and Commerce International.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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