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The Emirates called for strengthening the international humanitarian response and providing urgent relief to those in need
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StanChartered shares jump after NY settlement
LONDON — Shares in Standard Chartered rose in early London trading Wednesday after the British bank settled allegations from a NY regulator that it helped Iranian clients dodge US sanctions.
Its share price gained 2.92 percent to 1,410 pence on London’s benchmark FTSE 100 index, which was down 0.59 percent to 5,830.26 points.
The bank’s share price had plunged on August 7, closing down almost 17 percent to 1,223.57 pence, after New York state regulators accused it of hiding transactions with Iranian banks. It rebounded strongly in the following days.
Standard Chartered said late Tuesday that it had agreed to pay a fine of $340 million (276 million euros) to a NY state regulator following allegations that it hid 60,000 transactions with proscribed Iranian clients worth $250 billion over ten years.
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