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Stock Market & Financial Investment News

News Breaks
August 6, 2014
06:26 EDTSCBFFStandard Chartered in discussions to settle transaction claims, Bloomberg says
Standard Chartered has entered discussions with New York’s banking regulator to settle allegations that the bank didn't discover certain transactions that should have been examined for potential money-laundering crimes, according to Bloomberg, citing a person familiar with the matter. The source said that superintendent of New York’s Department of Financial Services Benjamin Lawsky is looking for over $100M from the firm. Reference Link
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February 27, 2015
11:00 EDTSCBFFStandard Chartered incoming CEO expected to make big changes, Reuters reports
Standard Chartered's incoming CEO Bill Winters is expected to make tough decisions to reverse a two-year slump, reports Reuters, reports Reuters. According to some insiders and bankers, there is a mood of "borderline euphoria and excitement" because Winters is expected to tackle the problems head-on rather than argue as predecessor Peter Sands had done. Reference Link
February 26, 2015
06:08 EDTSCBFFStandard Chartered names William Winters as CEO, effective in June
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