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Standard Chartered Bank

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...

Money Launderers and Corporate Bribers Must Be Brought to Justice

Frank Vogl | Posted 02.26.2013 | Crime
Frank Vogl

The punishment needs to fit the crime, but are some giant multinational corporations now so large that they no longer can be punished effectively?

Guilty Until Proven Innocent: Extortion Against Standard Chartered Shows Bias Against Iran

Danny Schechter | Posted 10.22.2012 | Business
Danny Schechter

Wall Street has become a place where real financial fraudsters go unpunished while inflated cases like this get the attention especially when a demonized "evil doer" like Iran is said to be involved. Real crimes like the way sanctions hurt ordinary Iranians go unreported.

High Finance Tales

Christopher Brauchli | Posted 10.17.2012 | Politics
Christopher Brauchli

It's time for an update on activities occurring in the world of high finance. Several newsworthy events have occurred.

Moving Money Laundering Investigations Into Top Gear

Frank Vogl | Posted 08.15.2012 | Business
Frank Vogl

Standard Chartered Bank has agreed to settle charges that it engaged in as much as $250 billion of illicit banking transactions on behalf of Iran in recent years. But this is not the end of its troubles. It's just the beginning.

Bank To Pay Big Over Iran Dealings

Reuters | Posted 10.14.2012 | Business

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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...

'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...

Bank Accused Of Scheming With Iran To Launder Billions

AP | MICHAEL GORMLEY | Posted 10.06.2012 | Business

ALBANY, N.Y. — A British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007, leaving the United States' financia...

CEO on Doing Business With India, Ahead of Presidential Visit

Rani Singh | Posted 05.25.2011 | World
Rani Singh

The CEO of the UK-India Business Council discusses her thoughts on the way the British do business in India, compared with their American counterparts.