Aug. 7 (Bloomberg) — Standard Chartered Plc fell the most in almost 24 years as an analyst estimated it may face costs of $5.5 billion after being accused of violating U.S. money laundering laws over to its dealings with Iranian banks.

The shares fell 23 percent to 1,132 pence by 10:42 a.m. in London trading, their biggest decline since 1988, the earliest date for which data are available.

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