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7/26/24, 1:30 PM FRB: Press Release -- Order to Cease and Desist against Kwai Por Au -- May 16, 1997 Release Date: May 16, 1997 For immediate release The Federal Reserve Board today announced the issuance of an Order to Cease and Desist against Kwai Por Au, a former assistant loan officer and institution-affiliated party of the Hang Seng Bank, U.S.A., Division of Marine Midland Bank, New York, New York. Mr. Au, without admitting to any allegations, consented to the issuance of the order based on his alleged improper lending activities. A copy of the order is attached. Order (140 KB PDF) 1997 Enforcement actions Home | News and events Accessibility Last update: October 30, 1997, 12:00 PM https://www.federalreserve.gov/boarddocs/press/enforcement/1997/19970516/ 1/1