FT Alphaville » StanChart settles

*NEW YORK SETTLES PROBE OF STANDARD CHARTERED FOR $340 MLN

Now… FT Alphaville’s finest minds calculate that this settlement amount is 0.136 per cent of the $250bn of transactions which the New York state department of financial services originally laid at Standard Chartered’s door. The NYT reports, curiously enough, that “The parties have agreed that the conduct at issue involved transactions of at least $250 billion.”

But it’s also over 24 times StanChart’s own ‘under $14m’ figure.

Return on regulation for Benjamin Lawsky, or what?

Btw: the bank’s market cap is down by about £5bn since the allegations were announced. Maybe some of that will be clawed back on Wednesday morning…

* username: rupertbu