And so will I.
"UK lender’s stock plunges after Iran bank deals" by
Gavin Finch, Bloomberg News
/
August 8, 2012
Standard Chartered PLC’s stock fell the most in almost 24
years as an analyst estimated it may face costs of $5.5 billion after
being accused of violating US money laundering laws over its dealings
with Iranian banks.
Standard Chartered may lose its license to operate
in New York. Its Department of Financial Services found the bank
conducted $250 billion of deals with Iranian banks over seven years and
earned hundreds of millions of dollars in fees for handling transactions
for institutions subject to US economic sanctions....
Click to continue reading this article
Actually, the link sends you to a separate article by the New York Times.
Related: Standard Chartered chief rejects N.Y. claims on Iran
Also see: JPMorgan agrees to pay $88.3m
