How Standard Chartered Lost $400 Million on Risky Diamond Debt

Standard Chartered Plc’s plunge into the risky business of diamond lending began eight years ago with a cocktail party at its London headquarters. Maurice Tempelsman, longtime escort of Jackie Kennedy and head of one of the biggest U.S. diamond companies, was there. So was diamantaire Dilip Mehta...

How Standard Chartered Lost $400 Million on Risky Diamond Debt