Source:
https://scmp.com/business/banking-finance/article/1073472/standard-chartered-seeks-us-deal-charges-violations-iran
Business/ Banking & Finance

Standard Chartered seeks US deal on charges of violations of Iran sanctions

Bank unlikely to reach double-digit revenue growth for year as US dollar gains strength

StanChart aims to reach a group deal over US charges on Iran.

Standard Chartered hopes to reach a co-ordinated settlement with four US regulators before the end of the year on charges related to sanctions on Iran.

The British lender's announcement came as it reported that operating profit for the first nine months grew at a "mid-single digit rate" compared with the same period last year, "or at a double-digit rate" excluding a US$340 million fine over charges of money laundering for its Iranian clients.