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Tue August 7, 2012
British Bank's Value Tanks After Laundering Charges
Originally published on Tue August 7, 2012 4:00 pm
At a time when European banks already are struggling, three huge British banks recently have been charged with engaging in bad practices or flat-out corruption. Barclay's had its LIBOR scandal, HSBC had its drug money scandal and now Standard Bank is being accused of money laundering. What's going on in London and what are the potential impacts on the U.S. economy?