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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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August 28, 2015
09:35 EDTSCBFFStandard Chartered management to meet with JPMorgan
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August 21, 2015
09:04 EDTSCBFFWhistleblower helps US probe Standard Chartered violations, Financial Times says
A whistleblower provided evidence that helped federal authorities reopen an investigation into Standard Chartered over possible sanctions violations, reports the Financial Times. According to people familiar with the probe, the whistleblower helped point authorities to certain pieces of evidence and transactions that have helped make the case against the bank. Reference Link

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