StanChart in v.v. serious trouble

In Corporate governance, Temasek on 07/08/2012 at 5:51 am

Opps spoke to soon abt StanChart According to the FT, it could lose its NY licence. Price fell 6% on the news. Wonder if our MSM will report this?

Standard Chartered Accused of Hiding Iranian Transfers Calling the British bank a “rogue institution,” New York State’s financial regulator has accused Standard Chartered of enabling Iranian businesses to hide illegally more than $250 billion in transactions, Jessica Silver-Greenberg reports.

  1. From Where’s the cheers for Temasek?
    on 04/08/2012 at 3:20 pm to
    StanChart in v.v. serious trouble
    on 07/08/2012 at 5:51 am
    things are happening too fast right now..

  2. They’re banksters, but they’re our banksters.

  3. On a related note – Singapore is already on the radar as a tax haven / evasion destination.

  4. Confirm no cheers for Temasek.
    It is a great pity that many brilliant Managing Directors of Temasek believe in this Rogue Institution,they simply refuse to believe that all the biggest banks are con.I hope that the retirement age will not be extended further.
    Money laundering investigation is hot.…/dirty-money-in-singapore-pe..

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