More than £6bn has been wiped from the stock market value of Standard Chartered bank, as its shares crashed following US allegations that the bank had illegally moved $250bn of Iranian money around the financial system. The share price fall on Tuesday puts the top management of the bank — described by the US authorities as a "rogue institution" — under intense pressure. The shares slumped by 18%, losing 264p to £12.06 and wiping £6.2bn from its stock market value. This follows the sudden 6% slide on Monday in the final seconds of trading when the damning accusation that the bank had left the US ... (full story)