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Exclusive-Zambia’s SEC sanctions Standard Chartered over China property bond mis-selling, source says

Summary by WTVB
By Marc Jones and Chris Mfula LONDON (Reuters) – Zambia’s Securities and Exchange Commission (SEC) has sanctioned Standard Chartered for mis-selling a Chinese property company’s bonds to one of the bank’s local wealth clients at the height of the Asian country’s real-estate crisis, according to a source. The source familiar with the matter told Reuters that the UK-headquartered bank, which is currently looking to sell its wealth and retail banki…
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