Taxi drives past Standard Chartered’s main branch in Hong Kong. REUTERS
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Standard Chartered Plc shares fell as much as 3.8 percent after the Financial Times reported that the bank had dealt with Iranian clients in potential breach of U.S. sanctions.Standard Chartered was fined $300 million by the New York Department of Financial Services in August last year for failing to flag suspicious transactions, adding to a $667 million settlement in 2012 over breaches of U.S. bans concerning Iran.The shares have dropped about 28 percent this year, trailing HSBC Holdings Plc, which has declined 18 percent.
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