Standard Chartered is headquartered in London but it generates much of its revenue in Asia. Photo: Shutterstock
Standard Chartered is headquartered in London but it generates much of its revenue in Asia. Photo: Shutterstock

After HSBC, Standard Chartered fined a record US$61 million by UK regulators

  • The fine is the highest ever imposed by the Prudential Regulatory Authority. An original fine of £66.5 million was reduced after the bank agreed to resolve the matter
  • On Friday, HSBC Holdings was fined £63.95 million by another British regulator

Topic |   Banking & finance
Standard Chartered is headquartered in London but it generates much of its revenue in Asia. Photo: Shutterstock
Standard Chartered is headquartered in London but it generates much of its revenue in Asia. Photo: Shutterstock
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