Business & Investment

BUSINESS LIVE: FTSE opens 1.7% lower.Standard Chartered was fined £ 46 million

BUSINESS LIVE: FTSE is sluggish as investors are in a hurry due to Omicron regulations.Standard Chartered £ 46 million fine


The stock market fell sharply this morning as new Covid regulations reduced confidence in UK and European investors.

At 8:45 am, the FTSE 100 was trading at 7,143.9, down 1.7%.

Victoria Scholar, Head of Investment for Interactive Investors, said:

“In fact, he seems to be tracking about 60% of those profits since he entered and exited the FTSE 100 rally in the first week of December.”

The Prudential Regulation Authority of the United Kingdom has fined Standard Chartered Bank £ 46.55 million for its open and uncooperative with regulators and its failure to control.

Former Tesco CEO Dave Lewis has been appointed non-executive chairman of the new consumer health company as a result of GlaxoSmithKline’s proposed split from GSK in 2022.

GSK said Lewis’s appointment would come into effect on January 1, 2022.

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“The SCB made five mistakes in reporting its liquidity indicators, which means that the PRA did not have a reliable overview of its liquidity position in the US dollar.”

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BUSINESS LIVE: FTSE opens 1.7% lower.Standard Chartered was fined £ 46 million

https://www.dailymail.co.uk/money/markets/article-10328117/BUSINESS-LIVE-Standard-Chartered-fined-46m-PRA.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 BUSINESS LIVE: FTSE opens 1.7% lower.Standard Chartered was fined £ 46 million

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