Standard Chartered chief executive Peter Sands hit back at a New York regulator’s claims the bank broke US sanctions, and said he saw “no grounds” for revoking the lender’s licence.

Standard Chartered has seen £6bn (€7.5bn) wiped from its value amid fears it could lose its US banking licence after regulators branded the lender a “rogue institution” over its dealings with the Iranian government.

The British banking industry was mired in fresh scandal today after Standard Chartered was branded a “rogue institution” for covering up billions of pounds of illegal transactions with the Iranian government.

THEY may not admit it, but right now, financial managers in many firms are hedging their bets, and are busy trying to construct scenarios to assess just how the world might look in the event of a break up of the euro zone.

PUPPET decapitations, Irish-dancing electro music, hurling royalty and a bizarre but unnervingly catchy “banana song”.

Hong Kong: Standard Chartered, Britain’s second-largest bank by market value, forecast an eighth successive year of record net income after reporting a 19% jump in first-half profit.

London: British Prime Minister David Cameron left for China yesterday at the head of the largest ever British trade delegation as he tries to show off his new policy of business-focused diplomacy.

The United Arab Emirates’ central bank is saying it “stands behind” local and foreign banks operating in the country, offering them access to money in a sign the Gulf Arab nation’s federal government is racing to curtail investor fears over Dubai’s crushing debt.

The financial crisis is far from over but will take only a moderate toll on fast-growing emerging economies in Asia and elsewhere as they continue to boom in the years ahead, the chief executive of British bank Standard Chartered said today.

ALL college graduates will be entitled to vote in Seanad elections within 12 months under an extensive process of reform, Fianna Fáil’s new leader of the Seanad pledged yesterday.

AN innovative move in journalistic development resulted yesterday in the first Thomas Crosbie Holdings (TCH) Diploma in Journalism awards.

Seventeen young journalists have today been awarded with the Thomas Crosbie Holdings Diploma in Journalism at a ceremony in Cork.