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Standard Chartered PLC

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  • NEW YORK/ LONDON, Aug 20 (Reuters)- A $300 million fine on Standard Chartered for lapses in anti-money laundering controls has piled pressure on the bank's board, coming after a series of transgressions and a drop in earnings that had already prompted calls for change at the top.

  • FOREX-Dollar breaks out to 11-month highs, eyes on Fed Wednesday, 20 Aug 2014 | 4:18 AM ET

    *All eyes on Fed minutes, Jackson Hole speeches. WARSAW, Aug 20- The dollar reached an 11- month high against the euro and a basket of major currencies on Wednesday, buoyed by optimism over the health of the U.S. economy. The greenback broke through resistance around $1.3300 and last November's high of $1.3295 per euro in morning trade in Europe.

  • TOKYO/ SINGAPORE, Aug 20- The dollar touched an 11- month high against a basket of major currencies on Wednesday after positive U.S. housing data the previous day fed hopes that the world's biggest economy is strengthening.

  • NEW YORK, Aug 19- British banking company Standard Chartered Plc will pay a $300 million penalty and suspend or exit some important businesses after failing to weed out risky transactions that could be linked to money laundering.

  • NY regulators sanction Standard Chartered Bank Tuesday, 19 Aug 2014 | 1:06 PM ET

    ALBANY, N.Y.— Standard Chartered Bank reached an agreement with New York regulators to pay a $300 million penalty and suspend dollar exchanges through its New York branch for high-risk retail business clients at its SCB Hong Kong subsidiary.

  • NEW YORK, Aug 18- Standard Chartered Plc is close to a deal to pay between $200 million and $300 million to resolve allegations by New York's banking regulator that it failed to review high-risk transactions, two years after agreeing to reform its practices, a person familiar with the matter said on Monday.

  • In June 2013, Bank of Tokyo-Mitsubishi agreed to pay $250 million to New York State for deleting information from $100 billion in wire transfers that authorities could have used to police transactions with Iran and other sanctioned countries.

  • BEIJING, Aug 18- China's new home prices fell in July from June for a third straight month and price softness spread to more major cities, underlining a worsening property downturn despite efforts by many local governments to shore up the sector.

  • NEW YORK, Aug 15- Large global banks are facing increased pressure from U.S. regulators to clamp down on casino money-laundering as the government pushes the industry to police not only its own transactions but customers' as well.

  • BEIJING, Aug 14- China's surprisingly sharp and sudden drop in credit has strengthened the case for the central bank to cut interest rates, but policy insiders believe it will be reluctant to take more aggressive steps and for now will stick to more targeted measures.

  • Aug 11- Standard Chartered Plc will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity, as a result of faults in the software critical to its anti-money laundering compliance program, two sources with knowledge of the matter said.

  • Hang on tight, geopolitical menace isn't going away Friday, 8 Aug 2014 | 1:16 AM ET
    Traders on the floor of the New York Stock Exchange.

    News of U.S. authorized air strikes in Iraq on Friday reaffirmed that geopolitical tensions will remain an overhang for markets for some time.

  • Yen sags on Japan pension plans; Euro holds steady Thursday, 7 Aug 2014 | 3:45 PM ET

    The yen came under pressure from Japan's plans to increase its pension allocation to the domestic stock market.

  • HONG KONG, Aug 7- Banks are being penalised too harshly for lapses in anti-money laundering efforts, Standard Chartered Plc's head of Asia operations said- the second senior bank executive this week to voice frustration over what many in the industry see as overzealous regulation. Standard Chartered later distanced itself from his comments.

  • Asian equities ended mostly lower on Thursday ahead of a raft of global central bank meetings.

  • HONG KONG, Aug 7- Banks are being penalized too harshly for lapses in anti-money laundering efforts, Standard Chartered Plc's head of Asia operations said- the second senior bank executive this week to voice frustration over what many in the industry see as overzealous regulation.

  • SHANGHAI, Aug 7- Chinese police are investigating the death from unnatural causes of the deputy commissioner of customs at Qingdao port which is under investigation for alleged commodity financing fraud, state news agency Xinhua said on Thursday. Qingdao police declined to comment, adding that investigations are ongoing.

  • *Yen slips as Tokyo shares push higher on the GPIF report. SINGAPORE/ SYDNEY, Aug 7- The yen sagged against the dollar on Thursday, coming under pressure on news Japan's Government Pension Investment Fund plans to increase its allocation to domestic equities.

  • SINGAPORE/ SYDNEY, Aug 7- The euro held steady above a nine-month low on Thursday ahead of a policy review by the European Central Bank, while the Aussie dollar tumbled after surprisingly weak Australian jobs data.

  • Qingdao port at centre of probe into alleged financing fraud. Beijing's anti-corruption campaign, which had focused on energy giant PetroChina earlier this year, has begun to turn to the mining sector and authorities are also investigating the suspected metal financing fraud at Qingdao port, China's third largest.