Today’s Best Market Rumors (8/8/2012) Standard Chartered Penalty

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Updated throughout the day on the 24/7 Wall St Wire:

The Treasury Department and Federal Reserve are upset by a release of allegations about Standard Chartered by the New York State Department of Financial Services. (Reuters)

Standard Chartered may have to pay as much as $700 million to settle money laundering charges. (Bloomberg)

Douglas A. McIntyre

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