As it is reported that Standard Chartered could be hit with even more penalties from US banks over claims it violated sanctions against Iran , there are fears that these new investigations will add further pressure on banks not to return to trading , despite recent US moves to normalise banking relations . These recent allegations over Standard Chartered would lead to a potential loss of its licence to clear loans made in dollars , which would be a disaster for the bank .
As it is reported that Standard Chartered could be hit with even more penalties from US regulators over claims it violated sanctions against Iran, there are fears that these new investigations will add further pressure on banks not to return to Iran, despite recent US moves to normalise trade relations. These recent allegations over Standard Chartered could lead to a potential withdrawal of its licence to clear transactions made in dollars, which would be a disaster for the bank.