When: Today, Thursday, August 9th
Where: CNBC’s “Closing Bell”
Following is the unofficial transcript of breaking news from CNBC’s Steve Liesman. Following is a link to the video on CNBC.com: http://video.cnbc.com/gallery/?video=3000108238.
All references must be sourced to CNBC.
STEVE LIESMAN: MARIA THANKS VERY MUCH. CNBC HAS CONFIRMED THAT STANDARD CHARTERED OFFICIALS HAVE MET WITH THE NEW YORK BANKING REGULATORS THIS ACCORDING TO A SOURCE WHO IS FAMILIAR WITH THESE MEETINGS. THESE MEETINGS WERE DESCRIBED TO US NOT AS FORMAL MEETINGS, BUT SETTING THE STAGE FOR FUTURE DISCUSSIONS. YOU KNOW THERE IS A STORY GOING AROUND THERE’S BEEN A COMMITTEE PERHAPS OF OTHER REGULATORS FORMED TO MEET WITH STANDARD. ALSO, TOLD THAT STANDARD CHARTERED IS NOT CONSIDERING A LAWSUIT AGAINST THE NY REGULATOR. THERE WAS A STORY GONG AROUND AS WELL THAT THERE WOULD BE SOME SORT OF REPUTATIONAL LAWSUIT UNDER CONSIDERATION. WE UNDERSTAND STANDARD CHARTERED IS NOT CONSIDERING THAT. SO MARIA, THOSE TWO PIECES GETTING TOGETHER OF STANDARD CHARTERED MEETING WITH NY BANK REGULATORS BUT NOT FORMAL MEETINGS.
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