--- title: "StanChart shares fall 7% after U.S. lawmaker calls for probe" description: "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 " type: "news" locale: "en" url: "https://longbridge.com/en/news/253243511.md" published_at: "2025-08-15T14:43:58.000Z" --- # StanChart shares fall 7% after U.S. lawmaker calls for probe > 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. LONDON, Aug 15 (Reuters) - Shares in Standard Chartered (STAN.L) fell 7% on Friday after a U.S. Republican lawmaker wrote to the Attorney General Pam Bondi asking for action to be taken against the bank over alleged “ongoing sanctions evasion”. Elise Stefanik, a New York Republican, requested in a letter shared on the X social media platform and published on her website that a special attorney be appointed to look into Standard Chartered’s alleged failings. Standard Chartered did not immediately respond to a request for comment. The bank’s shares, which had been about 1.5% lower earlier on Friday, plunged and were last down 7% at 1433 GMT. One trader linked the share move to the letter. Like other European lenders, Standard Chartered’s stock has risen sharply this year and hit a near 12-year high earlier this week. ### Related Stocks - [02888.HK - STANCHART](https://longbridge.com/en/quote/02888.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | XRP Projected To Reach $8 By 2026: Standard Chartered Identifies Two Major Catalysts | Standard Chartered forecasts XRP could reach $8 by 2026, driven by potential inflows from spot ETFs and regulatory clari | [Link](https://longbridge.com/en/news/271133432.md) | | Standard Chartered bought back total 533,652 shares for GBP9.7 million on Dec 30 on other exchanges, HKEX filing shows | Standard Chartered bought back total 533,652 shares for GBP9.7 million on Dec 30 on other exchanges, HKEX filing shows | [Link](https://longbridge.com/en/news/271202682.md) | | CICC Reaffirms Their Buy Rating on NIO Inc. Class A (9866) | CICC analyst maintained a Buy rating on NIO Inc. Class A yesterday and set a price target of HK$50.00.Valentine's Day Sa | [Link](https://longbridge.com/en/news/275967598.md) | | Olympics-Ice hockey-Durante dazzles despite Italy exit to US | Italy's goalie Gabriella Durante delivered an outstanding performance despite Italy's exit from the women's Olympic ice | [Link](https://longbridge.com/en/news/275954373.md) | | China’s ByteDance releases Doubao 2.0 AI model for 'agent era | China’s ByteDance has launched the Doubao 2.0 AI model, an upgrade to its leading AI chatbot, aiming to maintain its mar | [Link](https://longbridge.com/en/news/275973214.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.