Friday, December 12, 2025 | 10:47 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Standard Chartered fined $133 million by Britain's financial watchdog

Image

Reuters

(Reuters) - 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.

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Shinjini Ganguli)

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 21 2019 | 4:26 AM IST

Explore News