Saturday, August 11, 2012

Peter Sands, Standard Chartered Speaks to the FT About New York's Money Laundering Charges

Aug 8 2012 New York state’s financial watchdog has accused Standard Chartered of hiding $250bn of transactions linked to Iran. Peter Sands, the bank's chief executive, tells the FT’s banking editor Patrick Jenkins that he rejects the portrayal of the facts set out by the regulator. But he does accept there has been damage to the bank’s reputation. (6m 6sec)