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News Breaks | | | | March 22, 2013 | | 07:39 EDT |  | SCBFF | Standard Chartered forced to retract statements on Iran, FT reports
Standard Chartered (SCBFF) Chairman John Peace was compelled to issue an apology and retract statements he called “both legally and factually incorrect" regarding the bank's breaches of U.S. sanctions against Iran after U.S. regulators objected that those statements directly contradicted the terms of settlement agreements the bank had signed, reported Financial Times. Reference Link | |
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