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)

Full Show: Surveillance (02/24)
39:33 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Rick Lacaille, global chief investment officer at State Street Global Advisors, Russ Shaw, founder at Tech London Advocates, Sebastian Mallaby, senior fellow at Council on Foreign Relations, Peter Schaffrik, global macro strategist at RBC Europe Limited, Bundesbank Executive Board Member Andreas Dombret, Joseph Quinlan, head of market and thematic strategy at U.S. Trust. (Source: Bloomberg)
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