Standard Chartered says sorry

The boss of Standard Charted said allegations it hid $250 billion worth of transactions with Iran "came as a complete surprise". Peter Sands said the figure from the regulator was an estimate. It apologised for the $14m of mistakes they admitted to.

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Standard Chartered shares crash 18%

An utterly savage start for Standard Chartered on the ftse - down nearly 18%, for context, Barclays shares fell 15% when the rate rigging scandal broke.

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