Go Back   2019-2020-2021 StudyChaCha > StudyChaCha Discussion Forum > General Topics




  #1  
Old March 11th, 2016, 08:04 PM
Unregistered
Guest
 
Default Standard chartered Iran FT

Hello sir I would like to know about the Standard chartered falls as report by FT so please provide me suitable information about this report.
Reply With Quote Quick reply to this message
Other Discussions related to this topic
Thread
Standard Chartered Bank
Standard Standard Chartered Bank UAE
HQ Standard Chartered
Standard Chartered ION
HK Standard Chartered Bank
IVR Standard Chartered Bank
Standard Chartered Bank NEX
Standard Chartered RGI
Standard Chartered Bank IVR OTP
Standard Chartered CDC
Standard Chartered Aquarium
Bank of Standard Chartered HK
Standard Chartered Rm
Standard chartered Zimbabwe
OTP Standard Chartered Bank
Standard Chartered IL&FS
Standard Chartered NPL
Standard Chartered PLC
Standard chartered ATM
Standard Chartered TKO






  #2  
Old March 12th, 2016, 09:54 AM
Super Moderator
 
Join Date: Nov 2011
Default Re: Standard chartered Iran FT

Standard Chartered Plc shares fell as much as 3.8 percent after the Financial Times reported that the bank had dealt with Iranian clients in potential breach of U.S. sanctions.

About the Standard chartered report on Iran FT

The British lender handled foreign-exchange transactions and generated revenue from Iranian firms and companies with links to the Middle Eastern country.

The bank has previously said U.S. authorities are probing possible breaches of sanctions.

Standard Chartered was fined $300 million by the New York Department of Financial Services in August last year.

It was fined for failing to flag suspicious transactions, adding to a $667 million settlement in 2012.

The bank’s reputation with regulators and preventing future compliance blowups are high on the agenda of new Chief Executive Officer Bill Winters.

The group had a number of legacy obligations including dormant accounts, outstanding loans.

It also includes trade-finance agreements, Standard Chartered said in the e-mail.

It has been the group’s policy not to pursue any new business with known Iranian entities.

The shares have dropped about 28 percent this year, trailing HSBC Holdings Plc, which has declined 18 percent.
__________________
Answered By StudyChaCha Member
Reply With Quote Quick reply to this message
Reply


Reply to this Question / Ask Another Question
Your Username: Click here to log in

Message:
Options

Forum Jump


All times are GMT +6.5. The time now is 04:47 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2 3 4 5 6 7 8 9