StanChart: Warning to impact IDRs

The IDRs (Indian Depository Receipts) of Standard Chartered Plc will attract market attention on Thursday as the global major said it faces further US fines over the British bank’s flawed efforts to block money laundering. It posted a 20 per cent earnings decline on losses in Asia, meeting analysts’ expectations. Immediately after the announcement on the LSE, its shares slipped 1.5 per cent. The annoncements were made after Indian market hours.