Published by Global Banking & Finance Review®
Posted on August 22, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleStanChart shares rose 3% after a favorable U.S. ruling in a civil case, countering allegations of sanctions evasion.
LONDON (Reuters) -Standard Chartered shares rose 3% on Friday after what the bank said was a favourable ruling by the U.S. Department of Justice in a long running civil case.
Shares in the London-headquartered, Asian-focussed bank tumbled last week after a U.S. Republican lawmaker, Elise Stefanik, wrote to the Attorney General, Pam Bondi, asking for a probe to be launched into the bank, claiming it was involved in sanctions evasion.
Stefanik said an unspecified case against Stan Chart was due to expire next week and urged action before that date.
Stan Chart said in a statement late on Thursday it was: "pleased and unsurprised by the Department of Justice’s filing in the legacy Brutus qui tam case, which continues to demonstrate what we’ve always known: the claims underlying this case are false."
(Reporting by Alun John and Samuel Indyk, editing by Dhara Ranasinghe)
Standard Chartered shares rose 3% after a favourable ruling by the U.S. Department of Justice in a long-running civil case.
U.S. Republican lawmaker Elise Stefanik wrote to the Attorney General asking for a probe into an unspecified case against Standard Chartered.
Standard Chartered expressed that it was 'pleased and unsurprised' by the Department of Justice’s filing in the legacy Brutus qui tam case.
Explore more articles in the Finance category
