UAE central bank says StanChart liable to legal action

By Stanley Carvalho and Matt Scuffham ABU DHABI/LONDON (Reuters) - Banking group Standard Chartered Plc is liable to legal action in the United Arab Emirates after it agreed to close some customers' UAE accounts in an anti-money laundering settlement with U.S. Under the settlement, announced on Tuesday, the bank agreed to pay a $300 million fine, end high-risk relationships with small- and ...