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Richard Meddings Uncut
By: Mike   |    August 9, 2012   |   1 Comments (0) (0)

Bloomberg

Remarking on a situation where Standard Chartered allegedly hid $250 billion of Iran-tied transactions, Richard Medding apparently should have held his tongue rather than let this slip.

 

Standard Chartered Plc's Group Finance Director Richard Meddings cursed Americans in a conversation cited by a New York watchdog pursuing a money laundering case against the British bank, people familiar with the situation said on Wednesday.

However, Standard Chartered executive Ray Ferguson who attended the 2006 meeting in question, said Meddings' remark - rendered by the regulator as "You f---ing Americans" - was not followed by the complaint about U.S. financial sanctions on Iran which was alleged by the New York state banking regulator. Continue Reading

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