In today's video, Nate Weisshaar and David Kuo discuss Standard Chartered (LSE:STAN) bank in light of recent allegations that it laundered as much as $250 billion (161 billion pounds) for Iran.
This recent misstep is particularly embarrassing because Standard Chartered was trying to portray itself as different than some of the other more troubled banks out there. The possible outcomes for this scenario are varied and still unknown, so Weisshaar encourages investors to hold off on any action until additional information is available.
Nate and David do not own shares in Standard Chartered. The Motley Fool owns shares in Standard Chartered. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.