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Standard Chartered (SCBFF.PK) is nearing an agreement with U.S. authorities to pay a fine of...

Friday, November 2, 2012, 3:25 AM ET
Standard Chartered (SCBFF.PK) is nearing an agreement with U.S. authorities to pay a fine of around $300M to resolve probes into its Iranian dealings, Reuters reports. The bank is negotiating the deal with the the Manhattan DA, the Treasury, the NY Fed and the DOJ. Any penalty would add to the $340M StanChart agreed to pay in an agreement with the NY Department of Financial Services.

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This news story has 3 comments:

untrusting investor Comments (9879)

Does the jewel thief get to negotiate a fine and settlement? How about the con man, rapist, swindler, or murderer? Guess only corporations get to buy criminal settlements and only individuals actually go to jail for crimes.

2 Nov 2012, 07:19 AM Reply Like

SuperJezza Comments (2)

Yes they do. That is how the US justice system works.

2 Nov 2012, 09:34 AM Reply Like

clydewilliford Comments (15)

YELP!! just pay up $$, and then do what-ever the hell you want!

2 Nov 2012, 02:43 PM Reply Like

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