The allegations this week against London-based Standard Chartered Bank raise questions, not just about the bank's viability but also about the efficacy of U.S. laws when it comes to foreign banks. Standard Chartered allegedly violated U.S. sanctions against Iran, and regulators said the bank's executives lied to investigators as part of a cover-up.
The case serves as yet another reminder that U.S. regulations, which have strengthened since the Sept. 11, 2001, terrorist attacks, apparently did not deter foreign banks from laundering money through their U.S. operations.
As athletes have sprinted and soared their way to bronze, silver and gold in London, Morning Edition has celebrated the Olympics with the Poetry Games: We invited poets from around the globe to compose original works about athletes and athletics and asked you to be the judges.
As the presidential election nears, Morning Edition has begun a series of reports from an iconic American corner: First and Main. Several times in the next few months, we'll travel to a battleground state, then to a vital county in each state. In that county, we find a starting point for our visit: First and Main streets, the intersection of politics and real life.