Investopedia: Just How Messy Will The Standard Chartered Affair Get?
It seems like banks just can't keep themselves out of trouble. While the
markets have largely moved on from the self-inflicted wounds of
irresponsible mortgage lending and securitizations, and most European
banks have stabilized their sovereign debt risk, new scandals are
filling in to replace the old. Regulators are wrestling with the
possibility of a sizable conspiracy to manipulate LIBOR rates, and if that wasn't enough, large Asia-focused Standard Chartered (OTC:SCBFF) finds itself in the eye of a hurricane over alleged dealings with Iran.