Standard Chartered share price falls as US prosecutors reopen probe into Iran sanctions The London-based firm has already been fined almost £1billion It was found to have helped hide or disguise the identity of Iranian clients in billions of dollars worth of wire transfers Shares slumped three per cent to a five year low on Thursday morning US authorities have relaunched their probe into British bank Standard Chartered's breaking of sanctions on Iran, sending the company's share price tumbling. The London-based firm has already been fined almost £1billion (£620million) after it was found to have helped hide or disguise the identity of Iranian clients in billions of dollars worth of wire transfers. But authorities today re-launched their investigation to determine whether the bank had withheld key information about the true extent of their illegal dealings According to a report in the New York Times, regulators investigating another bank uncovered evidence of transactions that Standard Chartered had not disclosed. Shares slumped three per cent to a five year low on Thursday morning, as fears were raised that the bank could be hit with further penalties. The firm's profits had already fallen 16 per cent to £950m in the three months to the end of September, although income rose 1 per cent to £2.8bn In its latest bid to get back on track Standard Chartered pledged to cut costs by £250m next year. The spluttering performance of Standard Chartered has tested the patience of its investors who have grown used to success. ............. in other words expect us to be finding a real main sponsor when this current deal ends....
Standard Chartered share price falls as US prosecutors reopen probe into Iran sanctions - The London-based firm has already been fined almost £1billion - It was found to have helped hide or disguise the identity of Iranian clients in billions of dollars worth of wire transfers - Shares slumped three per cent to a five year low on Thursday morning US authorities have relaunched their probe into British bank Standard Chartered's breaking of sanctions on Iran, sending the company's share price tumbling. The London-based firm has already been fined almost £1billion (£620million) after it was found to have helped hide or disguise the identity of Iranian clients in billions of dollars worth of wire transfers. But authorities today re-launched their investigation to determine whether the bank had withheld key information about the true extent of their illegal dealings According to a report in the New York Times, regulators investigating another bank uncovered evidence of transactions that Standard Chartered had not disclosed. Shares slumped three per cent to a five year low on Thursday morning, as fears were raised that the bank could be hit with further penalties. The firm's profits had already fallen 16 per cent to £950m in the three months to the end of September, although income rose 1 per cent to £2.8bn In its latest bid to get back on track Standard Chartered pledged to cut costs by £250m next year. The spluttering performance of Standard Chartered has tested the patience of its investors who have grown used to success.
Provided they pay for the rest of the sponsorship term, not a problem. Will they be interested in renewing? probably as they are massive in the far east where we have a high profile. To get a good sponsorship deal you need competition so it will be interesting to see who is interested as it demonstrates the size of the club and its worldwide appeal.
Tbh I wouldn't have thought LFC would be bothered if the last year got cancelled. Shirt sponsorship has moved on since you signed that deal - City, Chelsea and Spurs now earn about as much as Liverpool each season, Arsenal earn about 50% more, and we're earning more than double. If SC offer you the chance to break the deal then I reckon you'd take it, as you should be able to match Arsenal's £30m a season if you get a new sponsor for next year.
20 mil each year or something.... i woudl say that IF we get CL this season... big if the warrior deal and standard farters deals become moot. both could be replaced by better... but performances on field need to drive that as swarbs points out all teams are inflating thier deals. utd's shirt deal was just one example... its what do we get next that matters so sticking with one crowd too long means our commerical dpet isn't doing thier job.
The bottom line here is we carry the name of corporate criminals on our shirts (by no means the only ones) I've never liked shirt sponsorship,even going back to the eighties. Its climbing into bed with the devil
i was going to say same thing most companies in that sector are corrupt anyway , why they are so rich.
They and all the other banks deduct about around 70%+ of fines paid from revenue they pay God it's great to be a banker. Teir fine was around 200m+ in reality
