Standard Chartered CEO Comes to New York
Peter Sands, the CEO of Standard Chartered, is in New York and is prepared to attend a hearing ordered by the state’s Department of Financial Services on whether the bank should lose its charter to operate there.
New York on Solid Ground to Sanction Standard Chartered, Experts Say
Experts in the U.S. and abroad say that the bank's internal e-mails give the New York regulator a basis for its unilateral action.
N.Y. Action on Standard Chartered Surprised Other Regulators
Not only was Standard Chartered apparently blindsided by the move, so were federal regulators; negotiations had been ongoing for some time for what the bank hoped would be a quiet settlement.
New York Regulator Threatens to Suspend Standard Chartered Over Iran Dealings
The New York Department of Financial Services has warned the British bank Standard Chartered that it could be suspended from doing business in the state over charges that it violated money-laundering laws in dealings with institutions in Iran that are subject to U.S. economic sanctions.
Asian Millionaires Shun Wealth Managers
Wealthy Asians have lost confidence in not just private banks but also investment products and low returns since the market woes of 2008.
Asia Plans to Double Reserve Pool
Policymakers in Asia are laying the groundwork to double the region's own reserve pool to $240 billion as a hedge against financial shocks.
Barclays, HSBC Chiefs Might Keep Bonuses
It is unlikely that Robert Diamond and Stuart Gulliver, of Barclays and HSBC Holdings, respectively, will be forced to waive their bonuses. Their banks, along with Standard Chartered, unlike RBS, did not receive public funds.
China Faces Deep, but ‘Solvable,’ Debt Woes, Report Says
Local governments in China are beset by debt, but the problem can be solved, a Standard Chartered report says.
Gold Rises 2%, Could Hit $1,600 by Year-End
Concerns over China, inflation and other factors are leading to renewed interest in the precious metal
Gold, Silver ETFs Pull Back as Copper Moves Higher
The iPath DJ-UBS Copper Total Return Sub-Index ETN rises nearly 1% on Thursday.