Standard Chartered are apologising for the $14m of mistakes in Iranian transactions they admit to, but that is a tiny fraction of the $250bn accusations.
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.