Standard Chartered settlement to come Monday- source

>

The settlement, which is expected to include the U.S. Justice Department and the Manhattan district attorney, f ollows a $340 million settlement that the bank reached in August with the New York Department of Financial Services.

That settlement came after the New York regulator analyzed whether Standard Chartered had improperly concealed transactions tied to Iran. As a result of the settlement, the bank agreed to install a monitor to evaluate anti-money laundering systems.

The bank said on Thursday it expects to pay $330 million in the latest settlement, but did not offer specific timing, saying only that an announcement would come "very shortly." A Standard Chartered spokeswoman declined comment on Friday.

Stocks Markets Financials Related Quotes and News Company Price Related News