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StanChart's board under pressure

Standard Chartered will pay a $300 million penalty and suspend or exit some important businesses after failing to weed out risky transactions. As Joanna Partridge reports the reputational damage to the bank could hurt more than the fine.

http://www.wgrz.com/video/3740276618001/1/StanCharts-board-under-pressure http://cdn.newslook.com/d0/d0fae189d96f6da9f1d3d0116e2a2dc0/images/frame_ext.jpg StanChart's board under pressure Standard Chartered will pay a $300 million penalty and suspend or exit some important businesses after failing to weed out risky transactions. As Joanna Partridge reports the reputational damage to the bank could hurt more than the fine. FinanceStandard CharteredReutersjoanna partridgeUnited KingdomPeter SandsStanChartmichael hewsonasiaGeorge HaynewslookUnited States of AmericaAfricaunited arab emiratesCMC Marketsmiddle east 02:20

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