Standard Chartered agrees settlement with New York regulator


Standard Chartered has agreed a $340m (£217m) settlement with New York regulators after accusations that it hid $250bn worth of transactions with Iran.

The bank had admitted that some of its transactions did break US sanctions, but said that the amount totalled just $14m.

A short statement from Standard Chartered simply confirmed a settlement of $340m had been reached.

Michelle Fleury reports

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.