Standard Chartered Hastening Boardroom Change Plans, FT Says
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Standard Chartered Plc is accelerating plans to change its board members amid investor pressure over how the bank handled claims it hid transactions with Iran, the Financial Times said, citing sources it didn’t identify.
The changes, expected in the next few months, will focus on the length of tenure, the paper said. The bank this week paid $340 million to the New York Department of Financial Services, which said Standard Chartered falsified records dealing with Iran.