Standard Chartered faces sanctions over Hong Kong flotation

Latest regulatory problem pushes shares down as Hong Kong watchdog warns of action over bank’s handling of stock market flotation in 2009. Standard Chartered has become ensnarled in another regulatory problem after admitting it faced potential sanctions from the Hong Kong authorities over its handling of a stock market flotation. As the London-listed bank reported its third quarter results, it admitted that the Hong Kong Securities and Futures Commission had warned it intended to take acti