Standard Chartered Settles with NY For $340 Million

Standard Chartered Plc, having settled a New York money laundering probe for $340 million the day before it was to defend its right to operate in the state, still faces federal inquiries over claims it helped sanctioned nations including Iran illegally funnel money through the U.S.
Stocks Slump: How Much Lower Can They Go?
04:23 - OppenheimerFunds CIO Krishna Memani and Bloomberg's Oliver Renick discuss the selloff in U.S. stocks with Bloomberg's Alix Steel on "Bloomberg Markets." (Source: Bloomberg)
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