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Bank boss says sorry for Iran claim

Standard Chartered
Standard Chartered

Standard Chartered chairman Sir John Peace has made a humbling apology for wrongly claiming the bank had "no wilful" intention to breach US sanctions with Iran.


In an astonishing statement, Sir John admitted comments made in a press conference earlier this month were "both legally and factually incorrect" by contradicting the bank's acceptance of responsibility under its mammoth 667 million US dollar (£439 million) settlement last year.
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