standard charter

Standard Chartered may lose NY banking license due to Iran scandal

“You f*cking Americans. Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians.”

That obscene statement was how a London executive of Standard Chartered bank allegedly replied to a warning issued by the head of its U.S. unit that the bank’s dealings with Iran could cause “catastrophic reputational damage” and “serious criminal liability.”

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