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In 2014, Citi identified “errors” implementing the program, the bank said in October. Sources familiar with the issue said some minority borrowers who qualified for the mortgage rate discount had not received it. Citi flagged the issue to the OCC, saying the discrepancies were inadvertent and it had taken steps to resolve them. Following a review, OCC staff agreed in early 2017 that the loans were racially skewed and recommended public sanctions, according to the sources luxury replica cufflinks. In recent weeks, a panel of senior OCC officials voted to issue the written warning, the sources said. Although Otting does not sit on that panel, he has the final say on enforcement..

MUNICH (Reuters) – Siemens (SIEGn.DE) is “unlikely” to make a renewed attempt to win European Union approval for its planned merger of rail businesses with Alstom’s (ALSO.PA) should the current attempt fail, Siemens managing board member Roland Busch said on Wednesday. When asked by Reuters if Siemens would make a second approach once a new EU commission was in place after the European elections in May, Busch said: “That is unlikely.”. This was because a new commission would be bound by the same laws as the predecessor, and changing these laws would take years, Busch said luxury replica cufflinks.

JERUSALEM (Reuters) – Intel Corp has committed to buy 15 billion shekels ($4 billion) of Israeli products and services over the next six years as it begins a massive expansion of its local operations, Israel’s economy ministry said on Wednesday luxury replica cufflinks. The California-based chipmaker will receive an Israeli government grant of 9 percent of its planned 40 billion shekel investment to expand its manufacturing operations in the country. As a condition, the economy ministry said, Intel agreed to spend 15 billion shekels in “reciprocal procurement” from Israeli companies..

Economy Minister Eli Cohen said an agreement of this magnitude “will lead to the growth of many companies in the economy, to an increase in their activities and to success in international markets as well”. Intel is already one of the biggest employers and exporters in Israel, where many of its new technologies are developed luxury replica cufflinks. The expansion of its Kiryat Gat manufacturing site will add 1,000 new employees to Intel’s workforce of almost 13,000 in Israel, government officials said..

TOKYO (Reuters) – Carlos Ghosn said Nissan executives opposed to his plans for closer ties with automaking partner Renault SA resorted to “plot and treason” to disrupt them and were behind the financial misconduct allegations against him. Speaking to the Nikkei newspaper in his first media interview since his arrest on Nov. 19, Ghosn said he had discussed plans to integrate the companies with Nissan CEO Hiroto Saikawa in September luxury replica cufflinks. But Nissan executives employed “plot and treason” to uproot those plans, Ghosn said..