New York's financial regulator says his agency has reached a $340 million settlement with Standard Chartered Bank over allegations it schemed with the Iranian government to launder $250 billion from 2001 to 2007.
Standard Chartered Plc has agreed to pay $340 million to settle allegations that it hid transactions with Iran from regulators, the New York Departmentof Financial Services said on Tuesday.
The chief executive of Standard Chartered bank is in New York ahead of a hearing with the regulator who has branded the British bank a rogue operator that has hid transactions involving oil money for Iran.
Peregrine Financial Group founder and chief executive Russell Wasendorf Sr wa sindicted on charges of lying to regulators, a little over a month after he botched a suicide attempt and confessed to bilking customers of his brokerage for years.
Jay V. Merchant, who has come underfederal scrutiny in the Libor manipulation scandal related tohis tenure at Barclays Plc, left his position as head of swaptrading at UBS
The Julius Baer Group says it has agreed to pay 860 million francs ($879 million) to buy Bank of America Corp.'s Merrill Lynch wealth management operations outside the United States.
Bank of Ireland — the only major Irish lender to avoid state control — has reported a higher loss in the first half of the year and higher impairments.
E-Trade Financial has ousted its CEO, Citigroup veteran Steven Freiberg, just two years into a four-year contract as the online broker deals with declining trading by customers.
