StanChart shares fall 7% after U.S. lawmaker calls for probe
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Shares of Standard Chartered fell 7% after U.S. lawmaker Elise Stefanik called for a probe into the bank for alleged sanctions evasion. The request was made to Attorney General Pam Bondi, seeking the appointment of a special attorney to investigate. The shares had previously been down 1.5% before the letter's release, which contributed to the significant drop. Despite this, Standard Chartered's stock had recently reached a near 12-year high earlier in the week.
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