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Standard Chartered fined $133 million by Britain's financial watchdog

 Standard Chartered fined 3 million by Britains financial watchdog

(Reuters) - Standard Chartered Plc said on Wednesday Britain's financial watchdog had imposed a fine of 102.2 million pounds ($133.34 million) in relation to its investigation into the bank's historical financial crime controls.

In a filing to the Hong Kong Stock Exchange on Wednesday, StanChart said it was considering its options in relation to the decision by the U.K. Financial Conduct Authority's Regulatory Decisions Committee.

The bank's fourth-quarter results will include a $900 million provision, set aside for ongoing investigations by U.S. and U.K. authorities, for potential penalties.

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Shinjini Ganguli)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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Updated Date: Feb 21, 2019 05:06:18 IST