Standard Chartered's Global Biz At Risk If NY Pulls Its License

Law360, New York (August 7, 2012, 7:16 PM EDT) -- A New York regulator's threat to pull Standard Chartered PLC's banking license for allegedly violating U.S. sanctions against Iranian financial institutions puts the bank's future operations in the U.S. in danger, in what could be a crushing blow for the once seemingly squeaky-clean global financial firm.

Perhaps the biggest threat that a bank with global reach faces from regulators is the potential loss of its license when it violates banking rules, according to John Alan James, the executive director of the Center for Global Governance, Reporting...
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