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Stock Market & Financial Investment News

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August 19, 2014
06:07 EDTSCBFFStandard Chartered in talks to pay up to $300M to settle allegations, FT reports
According to sources, Standard Chartered could announce a settlement with New York’s Department of Financial Services this week, the Financial Times reports. The bank is in talks to pay up to $300M to the regulator to settle claims it did not identify suspicious transactions. The current investigation is a follow-up to the bank's 2012 settlement with the U.S. Reference Link
News For SCBFF From The Last 14 Days
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July 2, 2015
12:22 EDTSCBFFBrazil investigates banks for exchange rate manipulation
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June 25, 2015
05:53 EDTSCBFFStandard Chartered CEO to shift power to regional hubs, Financial Times reports
Standard Chartered CEO Bill Winters is planning a structural overhaul to shift capital and power to new regional hubs, reports the Financial Times. According to people familiar with the situation, Winters has decided the company is ripe for simplification and streamlining. Winters is expected to hand over power to a handful of regional subsidiaries in key markets, such as Hong Kong, Singapore, India, the UAE and Africa. Reference Link

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