Shares of Standard Chartered fall after allegations made over involvement in Iranian money laundering
A man smokes outside the Standard Chartered bank's offices on August 7, 2012 in London, England. Standard and Chartered has been accused by American financial investigators of making billions of pounds worth of transactions with the Iranian regime, despite strict economic sanctions being in place. (Getty Images)
A few months after buying FRHI Hotels & Resorts from investors including Qatar Investment Authority and Kingdom Holding, AccorHotels CEO Sébastien Bazin denies the hotel management firm is growing too fast. In fact, he intends to pick up the pace – especially in the GCC.