Iran accusations wipe $16 billion off Standard Chartered shares
(Please be advised that paragraph 9 contains reference to language that some readers may find offensive) HONG KONG/LONDON (Reuters) – The market value of Standard Chartered Plc tumbled $16 billion on Tuesday after New York’s bank regulator threatened to tear up its state banking license for allegedly hiding $250 billion in transactions tied to Iran. The New York State Department of Financial Services (DFS) slammed Standard Chartered as a "rogue institution" that "schemed" with the Iranian government, which is subject to U. S. . . .
View full post on Yahoo! News – Top Stories
Leave a Reply