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Apr 09, 2019
Standard Chartered to pay $1.1 billion for fee violations

Standard Chartered to pay $1.1 billion for fee violations

London-based Standard Chartered will pay $1.1 billion to U.S. and British authorities for illegal financial transactions involving Iran and other sanctioned countries.

A former banker at the Dubai branch pleaded guilty in New York state court in connection with the conspiracy to violate sanctions. Also, a former customer of the bank’s Dubai branch was charged with participating in the conspiracy, according to an indictment unsealed in federal court in Washington, D.C.

Related Ticker: FIQHX

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Financial analyst and market blogger with expertise in equity research, fundamental analysis, and macroeconomic trends. I regularly publish coverage on individual stocks, ETFs, and sector developments — combining rigorous financial analysis with clear, engaging writing for a broad investment audience.


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The investment seeks growth of capital over the long term. The fund normally invests at least 80% of assets in securities of European issuers and other investments that are tied economically to Europe. It normally invests primarily in common stocks and allocates investment across different European countries. The fund uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
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Category EuropeStock

Category
Europe Stock
Address
Fidelity Investment Trust82 Devonshire StreetBoston
Phone
N/A
Web
www.institutional.fidelity.com
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