STANDARD CHARTERED

2008120421

Standard Chartered pays fine to save its New York business

For days, Standard Chartered executives had been negociating with multiple law-enforcement officials in New York in order to settle claims that it laundered $250 million for Iran. The final move came on Tuesday, when the british bank decided to open its wallet. The $340 million deal is huge, only beaten by the one reached by the Justice Department and the Manhattan district attorney over money laundering charges with ING bank…