Most Active Stories
- Thank you for coming to the latest WUKY Phoenix Friday... Up next... August 22.
- Fresh Housing Numbers, New Eatery On Richmond Road, & West Sixth News On BizLexChat
- Join WUKY And NPR For The 2014 Newport Folk Festival
- Robert Plant "lullaby and … The Ceaseless Roar"
- Pop Bottle Bombs Found At Area High Schools, Student Activities Canceled
Thu December 6, 2012
Originally published on Thu December 6, 2012 6:55 am
DAVID GREENE, HOST:
We begin NPR's business news with possible bank settlements.
(SOUNDBITE OF MUSIC)
GREENE: One of Britain's largest banks, Standard Chartered, says it expects to pay around $330 million to the United States. This would settle a case with regulators here who accused the bank of failing to comply with sanctions against Iran. Standard Chartered has already paid out $340 million to the state of New York on the same claims.
The head of the New York Department of Financial Services accused the bank of helping Iran launder money. At the same time, there are reports that European bank HSBC could end up paying a fine of nearly $2 billion to settle U.S. charges of laundering money for countries including Iran and Sudan. Transcript provided by NPR, Copyright NPR.