Standard Chartered bank ran a rogue unit that schemed with Iran's government to hide more than $250bn (£160bn) in illegal transactions for nearly a decade, according to a scathing report by New York regulators that may put intense pressure on the management of the UK-based bank.Yet another bank scandal. They are really a bunch of crooks, aren't they?
According to the report filed by the New York state department of financial services (NYSDFS), when warned by a US colleague about dealings with Iran, a Standard Chartered executive caustically replied: "You f---ing Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians." Guardian
Tuesday, August 07, 2012
Posted by The Dode at 7:10 AM