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.
“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.”
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