Standard Chartered Rejects Iran Business Claims

Aug. 7 (Bloomberg) -- Bloomberg's Howard Muscoe reports that Standard Chartered Plc may lose its license to operate in New York state after the Department of Financial Services found the bank conducted $250 billion of deals with Iranian banks over seven years and earned hundreds of millions of dollars in fees for handling transactions for institutions subject to U.S. economic sanctions. He speaks on Bloomberg Television's "Bloomberg Surveillance."
One Minute Brief: Iran Talks, McDonald's Ups Pay
37:20 - Bloomberg briefs you on the top stories of the day including: the Iran nuclear talks, a pay rise for select McDonald's employees, and the U.K.'s pre-election debate.
  • Way Beyond the Deadline and No Agreement… Yet
  • Dollar Headed Higher After `Moment of Respite': Tihanyi
  • All Sides Determined to Avoid a Bad Deal: Thakur