Outside the main branch of the Standard Chartered Bank in Hong Kong. Shares in the company dropped 6 per cent this morning after regulators said they plans to take action against its securities business over its role in an initial public offering in 2009. Photo: Reuters

StanChart’s Hong Kong IPO investigation sends shares tumbling 6 per cent

Second SFC announcement in a week, after UBS disclosed it was also under investigation

Topic |   Standard Chartered Bank

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Outside the main branch of the Standard Chartered Bank in Hong Kong. Shares in the company dropped 6 per cent this morning after regulators said they plans to take action against its securities business over its role in an initial public offering in 2009. Photo: Reuters
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