Standard Chartered fined $133 million by Britains financial watchdog
Standard Chartered fined $133 million by Britains 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.)
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