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How StanChart's heavier Singapore fine could look light: Bloomberg Gadfly

Commentary

How StanChart's heavier Singapore fine could look light: Bloomberg Gadfly

Andy Mukherjee Published on Fri, Dec 02, 2016 / 5:40 PM GMT+8

A-

A+

SINGAPORE (Dec 2): The kind that Standard Chartered Plc may have unwittingly facilitated is 86% more shameful than control lapses at DBS Group Holdings and UBS Group AG. Or so it seems from the simple arithmetic of financial penalties imposed by the Monetary Authority of Singapore in the multibillion-dollar 1MDB scandal:

Still, StanChart should consider itself lucky.

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