Weekly Roundup: Standard Chartered’s 2012 Deal May See Extension, U.S. Targets Russian Bank Subsidiaries, and More

Standard Chartered expects to remain under independent supervision for several years beyond 2017, when its 2012 settlement agreement with the U.S. Justice Department for violating anti-money laundering (AML) and sanctions rules is slated to expire, anonymous sources told Reuters. Separately, staff at HSBC are concerned over the slow pace at which mandatory AML upgrades are being implemented under its 2012 deferred prosecution deal with the department, Reuters said. More Central banks should issue and regulate digital currencies, which under private development have been prone to dramatic fluctuations in value and exploitation by financial criminals, People's Bank of China (PBOC) Vice...