Standard Chartered expects $330M US fines

[December 06, 2012]  LONDON (AP) -- Standard Chartered bank says it expects to pay $330 million in fines to U.S. agencies to settle charges of violating sanctions against Iran.

The bank said Thursday that it believes investigations by the U.S. Department of Justice, the Treasury and the Federal Reserve will soon be resolved.

Standard Chartered PLC previously paid $340 million to settle an investigation by the New York State Department of Financial Services.

[Associated Press]

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.