May
01
Standard Chartered Said to Probe Banker Expenses, Personal Loans
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At least 3 Dubai managing directors depart amid investigation
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Improper lending scrutinized in internal probe, people say
Standard Chartered Plc has been conducting a probe into its bankers’ conduct, including cases of padding expense reports and improperly lending money to colleagues, people with knowledge of the matter said.
The investigation led to the departure of several bankers in Dubai in the past six months, including at least three managing directors, after Standard Chartered found they personally lent money to other employees in violation of internal compliance rules, two of the people said, asking not to be identified as the information is private….
Standard Chartered Said to Probe Banker Expenses, Personal Loans
