StanChart attack

Less than a week ago, Standard Chartered was happy to be characterised as a 'boring' bank that has avoided the wilder excesses of others in its sector; now it finds itself at the centre of a money-laundering scheme, and accused of being a friend to terrorists.

Less than a week ago, Standard Chartered was happy to be characterised as a 'boring' bank that has avoided the wilder excesses of others in its sector; now it finds itself at the centre of a money-laundering scheme, and accused of being a friend to terrorists.

"It may seem boring in contrast to what is going on elsewhere, but we see some virtue in being boring," said Chief Executive Officer Peter Sands at the time of the group's interim results on August 1st.

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