Standard Chartered Bank chairman eats humble pie

Someone has evidently had a word in the ear of Standard Chartered Bank chairman Sir John Peace, which has resulted in him having to make an embarrassing retraction. He has released a statement to the London and Hong Kong stock exchanges in which he says that in the press conference that followed the announcement of the bank's annual results at the beginning of March "I made certain statements that I very much regret and that were at best inaccurate".

via Business feed http://www.scmp.com/business/article/1196564/standard-chartered-bank-chairman-eats-humble-pie