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British Bank Value Plunges After Iran Money Laundering Accusations

Posted August 7th, 2012 at 10:30 am (UTC-5)
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The British bank Standard Chartered lost nearly a quarter of its value in trading Tuesday, a day after U.S. officials accused it of illegally laundering $250 billion in financial transactions with Iran during the past decade. The Britain’s fifth-biggest bank has operations spread throughout the world, but until now had been spared from a wave […]

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