European stocks closed lower on Wednesday, with investors responding to talks between the U.S. and Russia on Ukraine.» Read More
CNBC's Karen Tso takes a look at past fines that have been leveled at European banks by US regulators.
Cormac Leech, bank equity strategist at Liberium capital, told CNBC that Standard Chartered's decision to settle with New York state for $340m was a pragmatic decision and should not be taken as an admission of wrongdoing.
Richard Harris, Chief Executive, Port Shelter Investment Mgmt says StanChart's shareholders will have to pay for any settlement with U.S. regulators. He adds that the bank's share price will recover from its lows.
Standard Chartered will pay a civil penalty of $340 million to the NY State Department of Financial Services, reports CNBC's Kayla Tausche. CNBC's John Carney and Bob Pisani, provide perspective.
Standard Chartered is one day away from defending its license to operate in New York, and the dollar amount of any settlement is still in question, reports CNBC's Kayla Tausche.
Sam Gyimah member of the UK parliament told CNBC, the Standard Chartered case is an example of a regulator shooting over the top and the bank deciding that in the interests of its reputation it is best to settle and move on.
Alex Wong, Director, Asset Management at Ample Capital weighs in on the slew of corporate earnings out of Hong Kong this week, and gives his take on the performance of shares of Li & Fung, Swire Pacific and Standard Chartered.
According to sources, Standard Chartered is not considering a lawsuit, reports CNBC's Steve Liesman.
Brad Hintz, Sanford Bernstein analyst, explains how the fallout from Standard Chartered's alleged transaction with Iran could become a liability to some U.S. banks.
Did a New York regulator go "rogue" in his investigation of Iranian money laundering at Standard Chartered Bank? CNBC's Steve Liesman reports the latest details.
CNBC's Steve Liesman reports regulators have criticized Lawsky's decision to take public action against Standard Charter Bank.
Simon Willis, Banking analyst, Daniel Stewart and Simon Nixon of the Wall Street Journal discuss whether the US is being selective in picking on British banks after StanChart was accused by New York regulators of helping Iran hide billions in transactions.
David Marshall, Senior Analyst, Asia-Pacific Financials, CreditSights says Standard Chartered has always been in talks with U.S. authorities and the Iran accusations come at a time when the U.S. elections are looming.
Lim Say Boon, Chief Investment Officer, DBS Private Bank says it would be unforgivable if Standard Chartered did not do due diligence on Iran, but that investors should wait for more evidence before condemning the bank.
Hugh Young, Global Head of Equities, MD, Aberdeen Asset Management says his firm will wait for evidence to be presented before making any decision on its stake in StanChart, adding it will likely result in an out-of-court settlement.
Hugh Young, Global Head of Equities, MD, Aberdeen Asset Management says Standard Chartered is a strong bank and should be given a chance to respond to the charges that it had violated U.S. laws. Young's firm owns 6% of Standard Chartered.
Jim Awad, Managing Director, Zephyr Management says the worsening geopolitical situation in the Middle East is driving oil prices higher and a "risk premium" is building in the commodity.
Jaspal Bindra, Asia CEO, Standard Chartered Bank says that fundamentals in Asia are intact although growth rates have moderated.
Richard Meddings, CFO of Standard Chartered, told CNBC, "We are absolutely not complacent and we manage the bank very conservatively with regard to risk profile. Asia is slowing so if you took measures of intra-Asian trade it is believed now to be growing at about seven percent but our trade finance assets grew at 13 percent, so the world is slowing but we still have opportunity to grow market share."
Stuart Leckie, Chairman at Stirling Finance gives his analysis on Standard Chartered's interim earnings, and his take on the bank's revenue outlook.