StanChart Likely to Be Fined, Not Exit U.S.

Aug. 7 (Bloomberg) -- Ralph Silva, director of Silva Research Network, talks about money-laundering charges against Standard Chartered Plc. New York's Department of Financial Services accused the London-based bank of conducting $250 billion of transactions with Iranian banks over seven years in violation of federal laws. Silva speaks with Linzie Janis on Bloomberg Television's "On the Move." (Source: Bloomberg)
What To Watch: China Stocks, Greek Deadline, U.K. Budget
32:09 - Bloomberg's Caroline Hyde briefs you on the day's top stories.
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