New York State Department of Financial Services' Announcement Relating to Standard Chartered
Standard Chartered PLC (the "Group") refers to an announcement made today by the New York State Department of Financial Services (the "DFS") announcing the adjournment of the hearing, originally due to be held on 15th August 2012.
The announcement sets out terms of an agreement, including the payment of $340 million. A formal agreement containing the detailed terms of the settlement is expected to be concluded shortly.
The DFS announcement is here.
The Group continues to engage constructively with the other relevant US authorities. The timing of any resolution will be communicated in due course.