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StanChart's US$300 million fine raises heat on board

Investors question future of CEO Peter Sands and president John Pearce

[LONDON] A US$300 million fine on Standard Chartered for lapses in anti-money laundering controls has piled pressure on the bank's board, coming after a series of transgressions and a drop in earnings that had already prompted calls for change at the top. Chief executive Peter Sands has faced