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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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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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