Standard Chartered seeking legal advice on possible case against U.S. regulatorSources say bank’s legal advisers say “there is a case” for reputational damageStanChart’s shares tumbled after the DFS accused the bank of dealing with IranDFS said it was a “rogue institution” which had funded $ 250bn of sanctions breaches(Financial Times) — Standard Chartered has sought advice about whether it can pursue a legal action against the US regulator that on Monday accused the British bank of being a rogue institution which had funded $ 250bn of Iranian sanctions breaches.The bank’s legal advisers believe “there is a case” for claiming reputational [...]