- Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons
- Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say
- D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr
- This Android malware switches off Wi-Fi and drain mobile wallet
- North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'
Standard Chartered fined $133 million by Britain's financial watchdog
Standard Chartered Plc said on Wednesday Britain`s financial watchdog had imposed a fine of 102.2 million pounds ($133.34 million) in relation to its investigation into the bank`s historical financial crime controls.
In a filing http://bit.ly/2DWfwac to the Hong Kong Stock Exchange on Wednesday, StanChart said it was considering its options in relation to the decision by the U.K. Financial Conduct Authority`s Regulatory Decisions Committee.
The bank`s fourth-quarter results will include a $900 million provision, set aside for ongoing investigations by U.S. and U.K. authorities, for potential penalties.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.