Tag: Standard Chartered Bank

Thursday, November 13th 2014 - 05:50 UTC
Standard Chartered will close 100 branches in Asia, Africa and Middle East

Standard Chartered will close up to 100 bank branches next year in Asia, Africa and the Middle East in an attempt to improve its profitability. The UK bank plans to cut about 8% of its global network of more than 1,200 branches to save $400m (£251m) a year.
Friday, July 12th 2013 - 08:08 UTC
World banks lining up submissions for the nationalized 39% holding in Lloyds

Top banks are putting their submissions to the UK Treasury to run a potential £20bn sale of the nationalised part of Lloyds Bank. Banks have until Monday to make their pitch to handle the sell-off of the government's 39% holding in Lloyds, with the sale of RBS, which is 81% owned by the taxpayer, to come later.
Wednesday, December 12th 2012 - 21:13 UTC
HSBC fined 1.9bn for money laundering for drug barons and rogue nations

The US said “dangerous practices” at HSBC allowed the bank to pass money to “drug kingpins and rogue nations”, as it fined it 1.9 billion dollars. HSBC agreed the fine, the largest of its kind, earlier on Tuesday.
Monday, December 10th 2012 - 19:38 UTC
Standard Chartered will pay 327m dollars for violating US sanctions on Iran

Standard Chartered will pay more than 300 million dollars to settle charges it violated US sanctions on Iran, Burma, Libya and Sudan. The UK-based bank has been fined 100m by the Federal Reserve and the Department of Justice seized assets worth 227m, the regulators said.
Friday, December 7th 2012 - 01:41 UTC
Standard Chartered ready to settle with US regulators for making business with Iran

Standard Chartered expects to pay 330 million dollars to US regulators to settle claims that it did not comply with US sanctions against Iran. The amount is on top of 340m it paid to New York's Department of Financial Services (DFS) earlier this year.
Tuesday, August 14th 2012 - 22:01 UTC
Standard Chartered CEO in US to discuss money laundering allegations

Standard Chartered chief executive is in New York to negotiate directly with the US regulator that accused it of “scheming” to hide 250bn dollars of transactions with Iran. The regulator will hold a hearing on Wednesday to decide whether to revoke the bank's New York banking licence. It is unclear yet whether Peter Sands will attend the hearing.
Wednesday, August 8th 2012 - 19:41 UTC
In carefully worded statement British bank rejects money laundering claims by US regulator

As British bank denies accusations it hid 250 billion dollars in transactions with Iranian banks, its share price falls sharply. Standard Chartered has rejected a US regulator's claim that it hid 250 billion dollars in transactions with Iranian banks in violation of US sanctions.
Tuesday, August 7th 2012 - 08:19 UTC
US regulator claims Standard Chartered bank laundered 250bn dollars for Iran

Standard Chartered bank illegally “schemed” with Iran to launder as much as 250bn dollars for nearly a decade, a US regulator says. The New York State Department of Financial Services said that the bank hid 60.000 secret transactions for “Iranian financial institutions” that were subject to US economic sanctions.
Friday, May 4th 2012 - 06:35 UTC
The plot behind the Argentine Olympics-Falklands political spot

The controversial Argentine government Olympic spot allegedly in support of the delegation that will competing in the coming London games had everybody on the black: public opinion, the athlete who ignored who really paid for his acting, obviously the Falklands where it was filmed and even the Argentine Olympic Committee.
Thursday, March 10th 2011 - 21:20 UTC
Rare trade deficit in China; conflicting opinions as to the reasons

Chinese trade figures released Thursday show a surprising deficit for February, as export growth slowed and import numbers remained strong. Chinese statistics released Thursday show that the country registered a trade deficit in February of 7.3 billion US dollars.