BREAKING NEWS

BREAKING NEWS

New York's financial watchdog fines StanChart $40 million

New York's financial watchdog fines StanChart $40 million
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BOBBY YIP(Reuters)
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(Reuters) - The New York Department of Financial Services (DFS) on Tuesday fined Standard Chartered Plc <STAN.L> $40 million (£30.5 million) for attempting to rig transactions in foreign exchange markets between 2007 and 2013, the regulator said in a statement.

Separately, the bank said it had agreed a consent order regarding "past control failures and improper conduct" in its foreign exchange trading and sales business during the period.

(Reporting by Samantha Machado in Bengaluru; Editing by James Emmanuel)

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