Standard Chartered stock failed to fully bounce back.

Shares in Standard Chartered inched higher on Monday, but failed to fully recover from a dramatic sell-off at the end of last week that was triggered by a United States congresswoman.

The bank’s stock nudged up by one percent as markets opened, reaching 1,319.50. But, this remained far below the 1,407 price point prior to the sell-off on Friday, when shares tumbled by as much as nine percent.

The downturn came as New York Republican Elise Stefanik shared a letter on X calling for the attorney general to probe the bank over alleged terrorist payments.

Today, I respectfully requested Attorney General @AGPamBondi to investigate Standard Chartered Bank's illicit payments to known terrorists and @NewYorkStateAG Tish James' inacti

See Full Page