Subscribe
Business

News Summary: Standard Chartered shares rise

By The Associated Press
Published
Add Washington Examiner on Google

SETTLEMENT RALLY: Shares in Standard Chartered PLC rallied on news that it had agreed to pay $340 million to a New York regulator to settle accusations that it hid illegal transactions with Iran and violated U.S. sanctions law.

GROUND RECOVERED: Shares in Standard Chartered closed 4.4 percent higher in London trading. Its stock had fallen by nearly 12 percent since the charges were announced last week.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.