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Stock Market & Financial Investment News

News Breaks
November 28, 2012
18:57 EDTSCBFFStandard Chartered nears U.S. settlement over Iran dealings, WSJ reports
Standard Chartered (SCBFF) is nearing a $300M settlement with the U.S. over the bank's dealings with Iran that may have violated U.S. sanctions, according to a Wall Street Journal report citing people involved in the negotiations. Standard Chartered paid $340M in August to settle a suit with the NY Department of Financial Services over similar accusations. Reference Link
News For SCBFF From The Last 14 Days
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March 25, 2015
07:30 EDTSCBFFStandard Chartered dividend cut looks likely, WSJ says
Shares of Standard Chartered have rallied 20% since the bank replaced its CEO last month, but incoming CEO Bill Winters still has to detail how the bank will bolster its balance sheet. A significant cut to the dividend is "certainly needed," and a rights issue and higher provisions against nonperforming loans will look "tempting" to Winters when he takes over this summer, according to The Wall Street Journal's "Heard on the Street" column. Reference Link
March 20, 2015
05:57 EDTSCBFFStandard Chartered investors want bank to leave London, Financial Times says
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March 16, 2015
09:37 EDTSCBFFStandard Chartered management to meet with JPMorgan
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