UPDATE 1-U.S. subsidiary of Italy’s Intesa Sanpaolo to pay $35 mln over improper ADRs- SEC

WASHINGTON, Aug 18 (Reuters) – A U.S. subsidiary of Italianbank Intesa Sanpaolo, has agreed to pay $35 million tosettle charges it violated U.S. securities laws governing theissuance of American Depositary Receipts, the Securities andExchange Commission said on Friday.
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