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.
After accusations of money laundering on behalf of the Iranian regime, Standard Chartered's chief has said "sorry".
Shares in Standard Chartered have had an absolute savaging on the stock market. Dives like this are unusual, and serious for any company
It might not be a big name on our high streets but Standard Chartered is one of the biggest names in banking.