I have to confess I'm really enjoying the dust up between the New York Superintendent of Financial Services, Benjamin Lawsky, and his opponents, namely, his target, Standard Chartered, and the flummoxed Federal regulators that he is showing up as so deeply captured that they genuinely can't tell regulatory theater from the real thing.
New York's top banking regulator reached a settlement on Tuesday with Standard Chartered over charges that the British bank laundered hundreds of billions of dollars in tainted money with Iran and deliberately lied to regulators, Je... Read Post
The US Treasury and the Federal Reserve have been angered by the New York banking regulator's surprise decision to accuse Standard Chartered of conducting secret money laundering transactions with Iran. The explosive allegations by ... Read Post
The New York State Department of Financial Services has reached an agreement with U.K.-based bank Standard Chartered. Last week, the newly formed state agency, headed by former federal prosecutor Benjamin Lawsky, came out with explo... Read Post