Following the allegations earlier this year, the bank was negotiating with the Fed Bank of New York, the Office of Foreign Assets Control (OFAC), the District Attorney of New York's Office and the Department of Justice.

BBC: Standard Chartered hit by $300m in Iran fines

This report deserves wide attention, not least because of the impressively varied background of its authors, who include the former chief economist of the New York Fed, a member of the Bank of England's Monetary Policy Committee, a leading Wall Street economist and an academic.

ECONOMIST: Central banks, all a-quiver | The

Beyond the aforementioned holders of exchange bonds, Bank of New York Mellon and even the New York Fed have asked the judge to revisit its decision.

FORBES: Fed's $2.6T Payments System Risks Paralysis As Judge Orders Argentina To Pay Defaulted Bonds

The Fed also granted approval to Agricultural Bank of China Ltd. to build a branch in New York City, and to Bank of China Ltd. to build a branch in Chicago.

FORBES: China's Financial Institutions Expand Overseas