FTSE 100 falls as StanChart, HSBC slide on 'FinCEN' report

Credit: REUTERS/Suzanne Plunkett

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FTSE 100 down 1.7%, FTSE 250 off 1.4%

Sept 21 (Reuters) - A slide in HSBC and Standard Chartered shares hit the FTSE 100 on Monday as reports said they and other banks moved allegedly illicit funds over nearly two decades, while a surge in COVID-19 cases raised the spectre of another round of lockdowns.

Shares of HSBC Holdings Plc HSBA.L, already trading at decade lows, slid 3.2%. Standard Chartered Plc STAN.L also dropped 3.2% to its lowest since 1998.

The reports by BuzzFeed and other media were based on leaked suspicious activity reports (SARs) filed by banks and other financial firms with the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCen).

The blue-chip FTSE 100 .FTSE was down 1.7%, with travel and leisure stocks also among the biggest decliners on news that Prime Minister Boris Johnson was pondering a second national lockdown to contain the spread of the novel coronavirus.

The mid-cap FTSE 250 .FTMC lost 1.4%.

The world's largest exhibitions group, Informa Plc INF.L, gained 2.9% even after it reported a half-year operating loss. The stock was among only a handful of gainers on the FTSE 100 in early trading.

(Reporting by Shashank Nayar in Bengaluru; Editing by Subhranshu Sahu)

((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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