Standard Chartered reaches agreement with US regulators, pays 340m fine

Wednesday, August 15th 2012 - 08:57 UTC

Full article 5 comments

Standard Chartered has agreed a 340 million dollars settlement with New York regulators that accused it of hiding 250bn of transactions with Iran. The hearing that had been scheduled for Wednesday has now been adjourned. Read full article

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Guzz
340M fine for hiding 250B... That will teach them :)
Aug 15th, 2012 - 12:40 pm - Link - Report abuse 0
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SussieUS
Typical of british crooks!
Aug 15th, 2012 - 06:00 pm - Link - Report abuse 0
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British_Kirchnerist
For once I might be tentatively on the bankers' side...why shouldn't they do business with Iran just because America might want to bomb it at some point?!
Aug 15th, 2012 - 06:38 pm - Link - Report abuse 0
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Guzz
You are right BK, I was on auto-pilot and didn't even bother to read through the article. So the “hiding” is actually the banks dealing with Someone not of their liking... In that case, the US has been hiding money for ages...
Aug 15th, 2012 - 07:27 pm - Link - Report abuse 0
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Fido Dido
Isn't Iran part of the “axis of evil”? remember that?
strange how it's normal now to support the “rebels”. I always thought they were our “enemy”.
Aug 16th, 2012 - 05:36 am - Link - Report abuse 0
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