Standard Chartered (a British bank) finds itself on an ever growing American list of British banks that have been accused of all manner of "dastardly" deeds of alleged money laundering etc, that "in theory" threaten the safety of the USA.
Unsurprisingly, as a result of the public witch hunt and accusations, shares in Standard Chartered have fallen by 24%; as the USA lets loose in the media in a concerted attempt to bring the bank to heal before any evidence has actually been presented in court.
Standard Chartered deny the accusations.
Does anyone else not find it a tad "odd" that the US authorities are not pursuing US banks with such vigour through the courts and the media?
As one unnamed London based director allegedly emailed in 2006:
"You f****** Americans. Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians.”