Standard Chartered
standard chartered agrees to 340m
Standard Chartered is to pay a $340m (£216m, 276m penalty to the financial regulator of New York, in an embarrassing concession to accusations that it laundered money on behalf of Iran.
standard chartered hid dealings worth 250bn
London headquartered bank Standard Chartered has been accused by New York State’s financial watchdog of hiding 60,000 transactions worth $250bn with the Iranian government, which it said left the “US financial system vulnerable to terrorists, weapons dealers, drug kingpins and corrupt regimes”.
standard chartered pb follows parent with
Standard Chartered Private Bank has reported a strong rise in its revenue, one day after its parent company announced record profits for the first half of this year.
stan chartd details asia plans
Standard Chartered, the London-based, Asia-focused banking group, said its first half pre-tax profit grew by 9%, as it detailed plans for its continued expansion in China and India.
Standard Chartered Islamic wealth product range
Standard Chartered Private Bank has launched a suite of Islamic wealth management products aimed at high net worth clients across its offices in Dubai, Geneva, London and Jersey.