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.

David Costa: Credit Suisse's Strategy Is Paying Off
11:57 - David Costa, dean at Robert Kennedy College, discusses second-quarter results from Credit Suisse, European bank stress tests, and what he's looking for from Credit Suisse going forward. He speaks with Bloomberg's Francine Lacqua on "Bloomberg Surveillance." (Source: Bloomberg)
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