New York regulators say Bank of Tokyo Mitsubishi UFJ will pay $315 million and some employees are being sanctioned for misleading the state about bank transactions that violated U.S. economic sanctions against several countries, including Iran, Sudan and Myanmar.
All but one of the nation's 30 largest banks are better able to withstand a severe U.S. recession and global downturn than at any time since the financial crisis, the Federal Reserve has determined.