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Breakingviews: StanChart settlement puzzling

Wednesday, August 15, 2012 - 04:51

Aug. 15 - Standard Chartered’s agreement to pay a $340mln settlement for disputed Iran trades is baffling as the numbers don’t stack up, an explanation is required say Breakingviews.

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Puzzling decisions are today's topics and -- breaking news 340. Million dollars is a high price. For static charge -- to pay for quiet life. And Mark Thompson Director General of the BBC is -- left field choice of CEO and chairman -- the New York Times itself find out a little bit more about his Chris -- is with us. I'm the numbers -- healthy was static chunk of -- and forty million boards and they said just suspect transactions a fourteen million. Resistance to move on it. Sun it's it's it's it's hard to see the correlation and because if you look at similar settlements from the other banks have reached. Within -- local authorities. Angie you are yeah -- -- look young months months. Big. Who was suspicious trades. The fines that are not suspect. Remember this time it's not made this huge. No -- about the disputes the it took two billion dollars transactions that the -- that -- so -- -- done wrongly. And I have this number which is. In you know which is it's -- supplements in the move move on but it's tough. Unless you look at this and say okay we'll flawlessly on the million dollars -- the process moving moment right -- how we got that. -- the proportion of naval business until excellent let's forget about it I mean that's woman thinking about it but. Still left wondering. We can't compute hit -- Monday the kind -- thing. Definitely issues the next thing is going to be -- okay enough partner but say announces -- that the lots of credibility stay here and I think -- home still knee. Some kind of experiment on cultural question at a mass layoffs and that will be some sort of explanation that you -- we call -- -- the that regulates was that basically saying. While now -- itself has conceded. That was that. The -- rule. Number of affected transactions far higher than those without a thought to do it it just. -- -- -- -- -- look at it doesn't doesn't. I agree with explicitly that this is and this for. There's been a lot of growth and in PO a beat them what what what would you do what's the status or does the be all right right now -- modern art in our let you off right. Mark Thompson. XP BC it's gonna have to New York Times you eat your eyes and you'll things is a raw or choice one. Well. Briefly with the the fact that you're going for home. A month will come off the with the fact have guaranteed income to. An act of Mosul. Launch the print business. Which is in -- fiscal commercial. I think the years late here in licensee -- about it -- pays pace of the BBC but you're under pressure as head of the BBC as a result of that to perform. And he will be under oppression of the New York Times. And beholden to shareholders. -- the vet when you're you with colleagues who's who's who's made this argument you know they did acknowledge that this -- -- -- and Thompson's played it -- and all sorts the unit. He ha he he he stood up. I was willing to pick a fight with a group of suspicious on the -- that I suspect that's the key critic missile. You know being when -- take home take on the live from and I'd also -- some things they've from the heat and he has run. Enormous organization and why are the BBC is not come Russell. He that he would drop to grips with flabby. Cost base. In this very unpopular in the news on. -- in on the very generous peace depends and it was you know if it's too content and that's that's the deferral is a classic and it would not a case that he may not have. Long. Prince pedigree. Let's say he knows this woman yet to nothing to do and how much. I read that anyway. See all of them putting -- BBC well babies know -- -- They didn't and kinda thing as -- those the very influential position schools and BCs that. And it -- -- it was a. Thanks a lot Chris here's more jet setting out financially and thought what -- US break and be sure every day 1230s and seventeen that he bsc. I'm -- trouble resources.

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Breakingviews: StanChart settlement puzzling

Wednesday, August 15, 2012 - 04:51