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

|About: Standard Chartered PLC (SCBFF)|By:, SA News Editor

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.