Legal
StanChart Said to Brace for New Iran Fine of $1.5 Billion
Standard Chartered Plc is bracing for a potential penalty of around $1.5 billion from U.S. authorities for allowing customers to violate Iran sanctions, people familiar with the matter said. That amount is a preliminary assessment based on some of the communications between the bank and the regulators, the people said. …
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Click here to read the full story: Bloomberg