Sands: Alleged American jibe inaccurate

The Guardian's Jill Treanor has tweeted:

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Sands insists that the F---ing Americans quote is not accurate #business

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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.