Standard Chartered Falls Most in 24 Years on N.Y. Iran Probe
New York regulators charge bank with money laundering for Iranian banks, threaten to pull its state license.
By Gavin Finch and Greg Farrell|August 07, 2012 at 07:20 AM|Originally published on Treasuryandrisk.Com
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Aug. 7 (Bloomberg) — Standard Chartered Plc fell the most in almost 24 years as an analyst estimated it may face costs of $5.5 billion after being accused of violating U.S. money laundering laws over to its dealings with Iranian banks.