StanChart shares fall 7% after U.S. lawmaker calls for probe
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.
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Reuters
13 minutes ago
- Reuters
Highlights of Putin statement after summit with Trump
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BBC News
13 minutes ago
- BBC News
UK trade envoy resigns over Northern Cyprus visit
Labour MP Afzal Khan has resigned as the UK's trade envoy to Turkey following criticism of his visit last week to the self-declared Turkish Republic of Northern territory isn't recognised by the UK government as Turkish troops have occupied Cyprus' northern third since the 1974 Khan, the MP for Manchester Rusholme, also met with Turkish-Cypriot leader Ersin Tatar - a move which the Cypriot government described as "absolutely condemnable and unacceptable".Mr Khan told the BBC he paid for the trip himself and was visiting his nephew, alongside receiving an honorary degree from an academic institution. In a letter to the Prime Minister today, Mr Khan said he felt it was "best to stand down at this time so not to distract from the hard work the government is doing to secure the best possible trade deals for this country".But he insisted his visit had been "in a personal capacity during the parliamentary recess" and was "unrelated" to his role as a trade also suggested that 20 British parliamentarians had visited northern Cyprus without attracting similar shadow foreign minister Wendy Morton welcomed the resignation, but said Sir Keir Starmer should have sacked Mr Khan Priti Patel, the shadow foreign secretary, also called for the MP's resignation earlier this week. Christos Karaolis, President of the National Federation of Cypriots in the UK, said that Mr Khan's position "was clearly untenable following his deeply inappropriate and unacceptable visit to occupied northern Cyprus".A Government spokesperson confirmed Mr Khan has left his position as Trade Envoy to the Republic of Türkiye.
Daily Mail
13 minutes ago
- Daily Mail
Putin jabs Joe Biden by saying he would have never invaded Ukraine if Trump were in charge
Vladimir Putin pointed the finger at former President Joe Biden for allowing the war with Ukraine to materialize. The Russian leader confirmed that if President Donald Trump were still in office at the time in 2022, he wouldn't have started the war more than three years ago. Putin said during remarks at a joint press conference in Anchorage, Alaska on Friday that he warned Biden that he shouldn't let the situation progress to 'the point of no return when it would come to hostilities.' 'I said it quite directly back then that it's a big mistake,' Putin said, according to a real-time translation. He insisted: 'President Trump saying that if he was the president back then there would be no war, and I'm quite sure that would indeed be so, I can confirm that.' Putin's comments were the ultimate flattery on an impressionable president, who he was desperately trying to keep from fully embracing Ukraine and Europe's cause. Trump has repeatedly claimed that he would have been able to use his relationship with Putin to stop Russia from invading Ukraine if he were reelected in 2020. On June 16, 2021, Biden and Putin met in-person for a summit in Geneva, Switzerland amid rising tensions between Moscow and Washington, D.C. Just eight months later on February 24, 2022, Putin invaded Ukraine, kick-starting a deadly war that still wages on today and has left thousands dead and displaced. Trump's negotiations with Putin appear to be Ukraine's last chance to get an end to the bloodshed and land grab by Russia. European leaders have expressed concern that Trump will concede too much land, but Ukrainian President Volodymyr Zelensky has recognized that a peace deal might need to include handing over more land area to Putin's regime. President Putin said on Friday that having a good trustworthy business relationship with Trump makes him confident that 'we can come to see the end of the conflict in Ukraine.' Though the two leaders acknowledged there is still a far way to go. Additionally, no ceasefire was announced in their joint press conference. 'I have every reason to believe that moving down this path we can come to see the end of the conflict in Ukraine,' Putin said at the end of his remarks. And if the greeting between Trump and Putin was any indication of their relationship, it's very likely the two are chummy. The two were smiling as they saw each other in the flesh for the first time since 2018. With an abundance of physical contact and a round of applause from Trump for the authoritarian leader, body language expert Judi James tells the Daily Mail that he gave Putin 'the ultimate ego-stroke' by publicly treating him like a celebrity guest. Putin appeared visibly pleased with how the lengthy greeting went, and James said he was left 'purring' with delight. Experts warn that Trump already handed Putin a 'victory' by inviting him to U.S. soil for the first time in more than a decade and agreeing to exclude Zelensky. But James notes that the U.S. president's tone swiftly altered when they were in a room for their official talks. He took a more 'heavyweight, power pose' as it was time to get down to business, she notes. 'After the overkill cordiality of his greeting ritual Trump's grim expression and his tapping fingertips here suddenly gave him a tougher and less optimistic look,' James notes. After their nearly three-hour face-to-face meeting, Trump and Putin took turns speaking in a 12-minute joint press conference. They took no questions. The meeting was the first time they sat down in-person since Trump came back into office. It also was the first time that Putin stepped foot on U.S. soil since he was in New York City in 2015 for a United Nations General Assembly gathering where he also met with then-President Barack Obama.
