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Sands: Iranian transactions 'in the 10s of millions of dollars'

The Sunday Telegraph's Business Editor Kamal Ahmed has tweeted:

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Peter Sands: DFS findings "contradicts information we have given them" #stanchart

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Peter Sands: gross revenues 2001-2007 from Iranian dollar transactions was "in the 10s of millions of dollars" not 100s #stanchart

Standard Chartered: 'Completely disproportionate' to withdraw US banking license

The Sunday Telegraph's Business Editor Kamal Ahmed has tweeted:

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Peter Sands: 150 million payment transactions involving Iran, no evidence of any link to terrorist activity #stanchart

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Peter Sands: withdrawal of US banking licence would be "completely disproportionate" #stanchart

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Peter Sands: "This has clearly been very damaging. It would be unrealistic to pretend otherwise." #stanchart

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Standard Chartered shares rebound

Shares open 6.5% up this morning. Yesterday they fell 17% Credit: Press Association

Shares in Standard Chartered opened 6.5% higher this morning, showing signs of recovery after their steepest one-day fall in decades.

Yesterday the bank was forced to deny allegations that they were laundering money for Iran.

The accusations, made by New York's State Department of Financial Services, seen the bank's share price tumble by more than 17%.

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