StanChart Fails to Reduce £19 Billion Shareholder Claim in UK Lawsuit: What This Means for Sustainability and Corporate Governance
Standard Chartered’s London Lawsuit: A Setback in Sanctions Compliance On Tuesday, the 15th of March, 2023, Standard Chartered, a leading international banking group, faced a significant setback in a London High Court case. The lawsuit, initiated by the UK’s Financial Conduct Authority (FCA), alleged that the bank had breached U.S. sanctions against Iran on a…