Tag: commodities

  • AH! THE IMAGE OF FINANCE!

    Translated from the French by Tim Gupwell.

    We learned on Tuesday that the fifth largest British bank, Standard Chartered, had promised the New York State regulator that it would pay a fine of 340 million Dollars for illegal transactions with Iran. The matter is not yet closed, as four other American regulatory bodies continue to pursue their enquiries on this subject.

    There was a danger that the affair, dating back to last week, would get bogged down, and it had already started to poison relations between British and American financial authorities (to which I alluded in my article on … Read the rest