Standard Chartered reaches $340 million settlement
British bank Standard Chartered has reached a settlement with the New York regulator after claims it hid $250bn of transactions with Iran.
Cheap at half the price? Standard Chartered pays up
Why Standard Chartered has agreed to pay New York authorities a civil penalty of $340 million.
Standard Chartered becomes latest bank to say sorry
After accusations of money laundering on behalf of the Iranian regime, Standard Chartered's chief has said "sorry".
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Standard Chartered becomes latest bank to say sorry
After accusations of money laundering on behalf of the Iranian regime, Standard Chartered's chief has said "sorry".
Read the full storyStandard Chartered share price up
by Laura Kuenssberg - Business EditorStandard Chartered share price is up by more than nine percent now.
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'Nothing wrong with culture at Standard Chartered'
The Sunday Telegraph's Business Editor Kamal Ahmed has tweeted:
Peter Sands: "There is nothing wrong with the culture at Standard Chartered. We take our responsibilities very seriously." #stanchart
From @kamalahmed1 on Twitter:Sands: Alleged American jibe inaccurate
The Guardian's Jill Treanor has tweeted:
Sands insists that the F---ing Americans quote is not accurate #business
From @jilltreanor on Twitter:Sands: Iranian transactions 'in the 10s of millions of dollars'
The Sunday Telegraph's Business Editor Kamal Ahmed has tweeted:
Peter Sands: DFS findings "contradicts information we have given them" #stanchart
From @kamalahmed1 on Twitter:Peter Sands: gross revenues 2001-2007 from Iranian dollar transactions was "in the 10s of millions of dollars" not 100s #stanchart
From @kamalahmed1 on Twitter:Standard Chartered: 'Completely disproportionate' to withdraw US banking license
The Sunday Telegraph's Business Editor Kamal Ahmed has tweeted:
Peter Sands: 150 million payment transactions involving Iran, no evidence of any link to terrorist activity #stanchart
From @kamalahmed1 on Twitter:Peter Sands: withdrawal of US banking licence would be "completely disproportionate" #stanchart
From @kamalahmed1 on Twitter:Peter Sands: "This has clearly been very damaging. It would be unrealistic to pretend otherwise." #stanchart
From @kamalahmed1 on Twitter:Advertisement
Standard Chartered apologise for $14m Iranian transaction mistake
by Laura Kuenssberg - Business EditorStandard Chartered are apologising for the $14m of mistakes in Iranian transactions they admit to, but that is a tiny fraction of the $250bn accusations.
Conference call with Standard Chartered chief to start
by Laura Kuenssberg - Business EditorConference call starting with Peter Sands, the chief executive of Standard Chartered, in the next few minutes.
Standard Chartered shares rebound
Shares in Standard Chartered opened 6.5% higher this morning, showing signs of recovery after their steepest one-day fall in decades.
Yesterday the bank was forced to deny allegations that they were laundering money for Iran.
The accusations, made by New York's State Department of Financial Services, seen the bank's share price tumble by more than 17%.
US officials 'angered' by Standard Chartered action
US officials are angered by the New York State Department of Financial Services' action against Standard Chartered, sources have told Reuters.
They are also reported as saying that the state action complicates federal settlement efforts
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