A New York state case against Standard Chartered Plc is more about whether the British bank carried out an old-fashioned cover-up using allegedly false records and less about the role the bank played in the alleged money-laundering of funds tied to Iran, according to people familiar with the situation and court documents. The New York Department of Financial Services on Monday ordered the bank to send representatives to a meeting next Wednesday to explain why its alleged breaches of records laws should not mean the loss of its state banking license. A source close to the case said on Thursday it was possible the ... (full story)