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Keyword: stanchart

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  • NY State Regulators Settle With Standard Chartered At 0.14% Transaction Fee

    08/14/2012 11:25:47 AM PDT · by Kartographer · 3 replies
    ZeroHedge ^ | 8/14/12 | Tyler Durden
    The life or death of STANCHART is settled - they live; and the $250 billion of 'laundering' transactions - sanctions/terrorism/drugs-related or not - are settled for a 0.14% transaction fee (that'll teach 'em!). In other words, Std Chartered's IRR for committing years of crime is 714%. Finally this is a whopping 1.9% of the bank's entire 2011 revenues, or in other words they had to hand over 7 days of revenue (assuming a 365 day work week).