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DFS agreement is announced

14/08/2012Corporate / Global

Standard Chartered PLC (the "Group") refers to an announcement made today by the New York State Department of Financial Services (the "DFS") announcing the adjournment of the hearing, originally due to be held on 15th August 2012.

Discussions continue around a settlement including a payment of $ 340m. A formal agreement containing the detailed terms of the settlement is expected to be concluded shortly.

Read the DFS announcement here.

The Group continues to engage constructively with the other relevant US authorities. The timing of any resolution will be communicated in due course.