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News Breaks
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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March 30, 2015
12:37 EDTSCBFFStandard Chartered commits to Islamic unit despite CEO departure, Reuters says
Standard Chartered "remains committed" to its Islamic bank despite the recent departure of the unit's CEO Afaq Khan, reports Reuters, citing a company spokesperson. Reference Link
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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