True cost of Standard’s $340m payment for a quiet life yet to be calculated

What price a quiet life? Standard Chartered says $340m (€270m).

That’s how much the British bank paid to call off an assault from New York’s department of financial services, which had accused it of sanctions-busting trades.

Now here’s another question: Why would Standard pay so much, when it had loudly proclaimed that the suspect transactions amounted to just $14m?