Market Commentary and Intraday News
News Summary: Bank scandals tarnish London
286 days ago
The Associated Press
REPUTATION SMEAR: Bankers in London fear the city's business reputation has been tarnished indelibly by a string of financial scandals.
CONSEQUENCES: The government and regulators could double down their efforts to control the financial sector to clean up its image and appease public outrage.
THE BANKS: Banks getting bad press lately include Barclays, HSBC and JPMorgan Chase & Co.'s London office. Now Standard Chartered has been accused by a New York regulator of laundering Iranian oil money.
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