Market Week

What's happening on the stock market.

11th August, 2012

The big story

**Standard Chartered** was at the centre of another money laundering controversy last week, after New York's banking regulator accused the global bank of doing $250 billion worth of illegal business with Iran, which is subject to economic sanctions by the United States. The violations, if upheld, could cost Standard Chartered its New York banking licence.

Shares plunged by more than 25 per cent last Tuesday, as investors feared that the loss of its...

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