Transatlantic Scientific Notation

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“We reject the position and portrayal of facts by the Department of Financial Service,” Sands said on a conference call with reporters yesterday, his first public comments since the regulator’s report on Aug. 6. “It would be disproportionate and wholly inconsistent with the actions of other U.S. authorities in other sanctions matters” to revoke the bank’s New York license, he said.
—Peter Sands, Standard Chartered Bank

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