Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Standard Chartered Avoided ‘Guillotine,’ Consultant Petrou Says

Karen Shaw Petrou, managing partner of Federal Financial Analytics Inc., comments on Bloomberg Television about Standard Chartered Plc’s $340 million settlement of a New York money-laundering probe. Petrou is co-founder of the Washington-based consulting firm.

Standard Chartered still faces federal inquiries over claims it helped sanctioned nations including Iran illegally funnel money through the U.S. Regulators including the U.S. Treasury, Federal Reserve, Justice Department and Manhattan District Attorney declined attempts at a global settlement, said two people familiar with the matter.

“The New York regulator held the guillotine and Standard Chartered decided to keep its neck out of it.

‘‘This isn’t over. This is the first shoe to drop; there are other shoes and the costs could well mount.

‘‘Next to come are the federal inquiries and the criminal inquiries, and possibly additional action from the state of New York.’’

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.