Boris Johnson has accused American regulators of “protectionism” and being “motivated by jealousy” of the City after Standard Chartered was branded as a “rogue institution”.
The Mayor of London said he suspected the New York state regulator’s accusations were driven by a “simple desire to knock a rival centre” and were an example of the US being “high-handed in her treatment of other nations”.
IN A bombshell statement New York’s Department of Financial Services added Standard Chartered, a British bank, to the rank of financial institutions under siege, calling it a "rogue institution". It accuses Standard Chartered of exe... Read Post
Standard Chartered fell 7.2% in Hong Kong trading after New York’s top financial regulator accused a unit of the bank of running a “rogue institution” that “schemed” with Iran’s government to hide more than $250 billion in illegal t... Read Post