Standard Chartered may lose NY license over Iran ties

Posted by admin on August 7th, 2012

(Please be advised that paragraph 6 contains reference to language some readers may find offensive) NEW YORK (Reuters) – In a rare move, New York's top bank regulator threatened to strip the state banking license of Standard Chartered Plc, saying it was a "rogue institution" that hid $250 billion in transactions tied to Iran, in violation of U.S. law. …