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)