Standard Chartered is trending as the chief executive of the bank is in New York for a hearing with a regulator to discuss charges the bank hid transactions with ties to Iran. The New York State Department of Financial Services accuses Standard Chartered of hiding and deleting information that would have revealed transactions' links to Iran. The bank could have its license to operate in New York revoked. Standard Chartered said CEO Peter Sands is ready and willing to meet with the regulator to discuss the allegations and said it has been cooperating with the investigations. The bank has admitted to violations on 300 transactions. While some reports say Standard Chartered has attempted to settle the case for $5 million, the bank has not confirmed the reports. A hearing will take place on Wednesday and it is unclear whether the bank will participate.
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