'Nothing wrong with culture at Standard Chartered'

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

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Peter Sands: "There is nothing wrong with the culture at Standard Chartered. We take our responsibilities very seriously." #stanchart

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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.