trending Market Intelligence /marketintelligence/en/news-insights/trending/FiLOfWrCCy-xCET8ha9Xsg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: UK regulator to fine StanChart £10M

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Report: UK regulator to fine StanChart £10M

Standard Chartered PLC is facing a penalty of more than £10 million for failing to prevent sanctions breaches, Sky News reported Aug. 17.

The U.K.'s Office of Financial Sanctions Implementation has notified the bank that it plans to impose the penalty in the next few weeks, Standard Chartered is expected to appeal against the fine, a source told Sky News.

The reasons behind the agency's decision are unclear at this point. The fine is the latest in a series of sanctions imposed against the U.K.-based lender. Standard Chartered had agreed to pay a total of US$1.1 billion in settlements to resolve investigations by U.S. and U.K. authorities into the group's historical sanctions compliance and financial crime controls.

Standard Chartered and the Treasury declined to comment on the matter.