iOS app Android app

Standard Chartered

How Dare DOJ Insult HSBC's Crooks as Less 'Professional' Than Liberty Reserve's Crooks?

William K. Black | Posted 07.30.2013 | Business
William K. Black

Two of the largest banks in the world, which reap massive explicit and implicit subsidies from the government, were criminal enterprises for at least a decade. Each engaged in violations that were vastly larger than Liberty Reserve.

Too Big to Jail Bank: I'm Sorry. Now Can I Go Back Out and Play?

Bartlett Naylor | Posted 05.29.2013 | Business
Bartlett Naylor

The Standard Chartered agreement with the Department of Justice actually anticipates dismissals of its crime. It states that if Standard Chartered denies its crimes, it must issue a new statement within five days after the government orders it.

Report: Big Bank To Pay Up Over Doing Business With Iran

Reuters | Posted 05.24.2013 | Business

FRANKFURT, March 24 (Reuters) - Deutsche Bank is bracing for more than 300 million euros ($390 million) in charges linked to suspected violations of...

Bank Chairman Admits To False Statements

Reuters | Steve Slater and Aruna Viswanatha | Posted 03.22.2013 | Business

LONDON/WASHINGTON (Reuters) - Standard Chartered bowed to pressure from U.S. authorities and apologized on Thursday for comments by the bank's chairm...

Sir John Peace Should Resign As Chairman of Standard Chartered Bank

Simon Johnson | Posted 05.21.2013 | Business
Simon Johnson

In plain English, what Sir John Peace said is called lying. Or, if you prefer the language of securities lawyers, he engaged in deliberate misrepresentation. He also violated Standard Chartered's deferred prosecution agreement with US authorities.

Bank Cuts CEO's Bonus After Paying Massive Fines For Scandal

Reuters | Posted 05.04.2013 | Business

* 2012 pretax profit up 1 pct to $6.9 bln * Bonus pool cut by 7 percent to $1.4 bln * CEO bonus cut 10 pct to $3.15 mill...

Mark Gongloff

Bank CEO Whines About Regulation After Paying Massive Fine

HuffingtonPost.com | Mark Gongloff | Posted 01.23.2013 | Business

We can only hope that the World Economic Forum in Davos keeps going on forever, because the thin Swiss air seems to be making bankers stay stupid thin...

What Are Boards Thinking About as They Go Back to the Boardroom?

Lucy P. Marcus | Posted 11.10.2012 | Business
Lucy P. Marcus

I worked with a number of boards and board chairs over the summer, and here are the things on their minds and the things they'll be grappling with this autumn, above and beyond the usual business of the year.

The Banks Are Bluffing -- They Aren't Moving Anywhere

Andrew Newton | Posted 11.04.2012 | Business
Andrew Newton

If the G20 nations not only spoke with one voice on financial reform but also acted as one then we wouldn't have to listen to the threat of banks moving any more.

Is This Bank Connected To Iran?

Reuters | Posted 10.18.2012 | Business

CHICAGO, Aug 18 (Reuters) - U.S. prosecutors are investigating Deutsche Bank and several other global banks over business linked to Iran, Sudan and ...

Families Of Victims In Lebanon Bombing Sue Bank

AP | LARRY NEUMEISTER | Posted 08.16.2012 | Business

NEW YORK -- Families of victims of a deadly 1983 bombing of U.S. Marines in Lebanon filed a lawsuit on Wednesday seeking to hold Standard Chartered Ba...

Surprise: Wall Street Blow Up May End Without Criminal Charges

The Huffington Post | Jillian Berman | Posted 08.16.2012 | Business

You may be wondering why 7.5 things felt a little different this week. HuffPostBIz's financial news guru Mark Gongloff is off enjoying some rest and r...

Well Then It's Settled?

The Huffington Post | Jillian Berman | Posted 08.15.2012 | Business

Thing One: It's Settled? Well it looks like that ‘rogue’ New York regulator won this one. Standard Chartered, the British bank accused of helping...

Bank To Pay Big Over Iran Dealings

Reuters | Posted 10.14.2012 | Business

...

Successful Olympics Overshadowed Horrible Summer for the City of London

David Paul | Posted 10.14.2012 | Business
David Paul

The problems are not Britain's alone. It appears that we may be migrating toward the worst of both worlds.

Paul Ryan Takes A Page From The Mitt Romney Playbook

The Huffington Post | Jillian Berman | Posted 08.13.2012 | Business

Thing One: Romney-Ryan: After much overhyped anticipation, Mitt Romney announced Rep. Paul Ryan (R-Wis.) as his vice presidential nominee Saturday, a...

Dear Banks, Hiding Ties To Iran Will Cost You

Reuters | Posted 10.13.2012 | Business

* Bank, New York regulators talked settlement amount-sources * Bank prepares hearing to defend New York license Wednesd...

Occupy Hong Kong: 'We Won't Leave'

Reuters | Posted 10.12.2012 | Business

HONG KONG, Aug 13 (Reuters) - HSBC won a legal bid on Monday to have members of the Occupy Hong Kong movement evicted from the open-air plaza benea...

How A 'Rogue' Bank May Have Burned Itself

Reuters | Posted 10.10.2012 | Business

* Standard Chartered waived attorney-client privilege * Said wanted to ensure all US agencies had proper info * NY bank ...

'Rogue' New York Regulator Benjamin Lawsky Sets Feds Scrambling In Standard Chartered Laundering Case

Mark Gongloff | Posted 10.10.2012 | Business
Mark Gongloff

A little-known bank regulator from a young New York agency might just shame federal regulators into getting tougher with the banks. Or he should, anyway.

U.S. Probing Bank Money Laundering, Takes Violations 'Extremely Seriously'

Reuters | Posted 10.08.2012 | Business

WASHINGTON, Aug 8 (Reuters) - The U.S. Treasury told the British government on Wednesday that it takes financial sanctions violation...

How Dare He Bring Charges Against This Bank!

The Huffington Post | Mark Gongloff | Posted 08.08.2012 | Business

Thing One: How Dare You? Boy, New Yorkers sure are rude, aren't they? Take New York's top banking regulator, Benjamin Lawsky, who had the utter gal...

'You F*cking Americans. Who Are You To Tell Us, The Rest Of The World That We're Not Going To Deal With Iranians?'

Reuters | Posted 10.08.2012 | Business

By Carrick Mollenkamp NEW YORK, Aug 8 (Reuters) - Standard Chartered Plc's Group Finance Director Richard Meddings was the executive...

Regulator Cat Fight!

Reuters | Posted 10.07.2012 | Business

* U.S. Treasury, Federal Reserve officials angered by NY action * Move disrupted ongoing settlement talks with federal officials ...

Yet Another Bank In Hot Water

The Huffington Post | Mark Gongloff | Posted 08.07.2012 | Business

Thing One: Banks Gone Wild, Vol. 23: I'm starting to think the Mayans were not talking about a 2012 Apocalypse for the whole entire world, but just fo...