Standard Chartered PLC
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HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as it seeks to drive earnings and dividend growth in the face of muted revenue.
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Dec 11- HSBC Holdings Plc is expected to become the first bank to admit to both money-laundering lapses and U.S. sanctions violations on Tuesday as part of a settlement of around $1.8 billion with law enforcement agencies, according to people familiar with the situation.
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StanChart has agreed to pay $327 million to resolve allegations that it violated U.S. sanctions against Iran, Sudan and two other countries, capping months of legal headaches for the British bank.
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*Rebounding China economy, Middle East woes lift Brent. *Copper near 2- month peak after China factory output surge.
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WASHINGTON, Dec 10- Standard Chartered Plc agreed to pay $327 million to U.S. authorities to resolve allegations that it violated U.S. sanctions laws, capping months of legal headaches for the British bank. The fine was on top of a separate payment of $340 million made in August by Standard Chartered to New York's state banking regulator over Iranian sanctions.
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WASHINGTON, Dec 10- British bank Standard Chartered Plc will pay $327 million to resolve allegations that it violated U.S. sanctions and other laws, the Federal Reserve said on Monday.
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WASHINGTON, Dec 10- British bank Standard Chartered Plc will pay $327 million to resolve allegations that it violated U.S. sanctions and other laws, the Federal Reserve said on Monday.
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Stocks posted a modest gain in thin, volatile trading Thursday ahead of the jobs report, while worries over the looming "fiscal cliff" continued to linger.
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European shares finished in positive territory Thursday as the ECB and the Bank of England kept interest rates unchanged.
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Futures turned slightly lower Thursday, despite a better-than-expected jobless claims report, as worries over the "fiscal cliff" lingered.
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HONG KONG/ LONDON, Dec 6- Standard Chartered expects to pay $330 million to settle a case with U.S. regulators for breaking sanctions on Iran, the Asian-focused bank said on Thursday, a second such penalty which could almost wipe out its profit growth this year.
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Cormac Leech, bank equity researcher at Liberum Capital, tells CNBC that Standard Chartered bank is extremely well positioned to take advantage of some of the fastest growing regions in the global economy.
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Standard Chartered expects to pay $330 million to settle a case with U.S. regulators, further denting profit growth this year.
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HONG KONG, Dec 6- Standard Chartered expects to pay $330 million to settle a case with U.S. regulators who accused the Asia- focused bank of failing to comply with sanctions against Iran, further denting profit growth this year.
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HONG KONG, Dec 6- Asia- focused bank Standard Chartered expects to pay about $330 million to U.S. regulators as settlement for its failure to comply with sanctions against Iran, denting its full year profit growth. The payment is on top of the $340 million it has already paid to the New York State Department of Financial Services in the third quarter.
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Jim Antos, Bank Analyst, Mizuho says Standard Chartered is not a recovery story, adding that HSBC's stock will continue to outperform.
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Asian shares hit a 16-month high on Wednesday, led by surging Chinese equities on hopes for stable growth, but concerns over whether U.S. lawmakers can break a budget impasse before year-end to avert a possible economic slump kept optimism in check.
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WASHINGTON, Dec 4- A federal judge ended a two-year-old case against Barclays involving its dealings with sanctioned countries, closing one investigative chapter against the bank even as it faces multiple continuing inquires.
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*Joblessness rises to 11.7 percent in October. BRUSSELS, Nov 30- Euro zone joblessness has reached a new high and the poor state of the economy is reducing inflation to near two-year lows, raising the prospect of further interest cuts by the European Central Bank. Consumer price inflation was at its lowest level since December 2010.
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*PBOC signals stability preference with steady midpoint. SHANGHAI, Nov 30- The yuan traded flat on Friday morning after the central bank held its midpoint steady, signaling its commitment to keeping the currency steady in spite of market forces pushing for appreciation.
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*PBOC signals stability preference with flat midpoint. SHANGHAI, Nov 30- The yuan traded flat on Friday morning after the central bank held its midpoint unchanged, signaling its commitment to keeping the currency steady in spite of market forces pushing for appreciation.