October 1, 2018 / 3:36 PM / 2 months ago

StanChart braces for possible new Iran fine of about $1.5 bln - Bloomberg

Oct 1 (Reuters) - British lender Standard Chartered Plc is bracing for a possible new fine of about $1.5 billion linked to violations of previous Iran sanctions, a Bloomberg reporter tweeted here

The bank is engaged in discussions with U.S. authorities and is cooperating with the investigation about compliance with historical sanctions, a Standard Chartered spokeswoman said. (Reporting by Kanishka Singh in Bengaluru Editing by Saumyadeb Chakrabarty)

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