UPDATE: Standard Chartered Shares Are Getting Slaughtered Some More

UPDATE: It gets worse! The stock is now off about 20%.

ORIGINAL POST: Shares of British bank Standard Chartered are getting creamed after allegations from a New York regulator that it helped facilitate payments for Iran… a threat that could see the bank lose its banking licence.

The stock is down 15%, though it was down 20% at one point.

From Bloomberg.

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Photo: Bloomberg

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