Standard Chartered's Response to New York Probe

Aug. 8 (Bloomberg) -- Christopher Wheeler, a banking analyst at Mediobanca SpA, talks about money-laundering allegations against Standard Chartered Plc. New York State’s Department of Financial Services this week said the London-based lender conducted $250 billion of deals with Iranian banks over seven years and processed transactions for institutions subject to U.S. economic sanctions, warning the firm may lose its state license. Wheeler speaks with Tom Keene on Bloomberg Television's "Surveillance." (Source: Bloomberg)