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Reuters

Reuters

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

Reuters
Summary
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80% Informative

Zambia 's Securities and Exchange Commission has sanctioned Standard Chartered for mis-selling a Chinese property company's bonds to one of the bank's local wealth clients.

The UK -headquartered bank is facing "enforcement action" for two breaches of SEC rules following a months -long investigation.

The lender announced in November it was looking to sell its Zambian wealth and retail banking businesses.

VR Score

90

Informative language

96

Neutral language

71

Article tone

formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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