Standard Chartered cops $US300m fine

By Dow Jones newswires

The settlement, which had been expected this week, also requires the British lender to suspend US dollar-clearing in its New York branch for high-risk clients of the bank's Hong Kong branch; exit certain business relationships at the bank's United Arab Emirates locations; and extend the position of independent monitor for another two years, among other things.

Read more here: Business Spectator

    

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