Standard Chartered faces total fines of up to $1bn before it settles US charges

The British bank confirmed it is braced to pay more fines to a raft of other state and federal authorities in America despite agreeing to pay $340m to the New York State Department of Financial Services (DFS). -Uk Telegraph

The bank also faced calls to explain how the $340 mio settlement with the DFS was reached after it said that only $14 mio of transactions went against money laundering rules, but the threat to it’s banking license does appear to have diminished.