Financial regulators in New York said yesterday they may bar a British bank from doing business in the state. They said that because the bank allegedly laundered some $250 billion in Iranian money through its branch in Manhattan. The bank is Standard Chartered Bank. It does much of its business in Asia, Africa and the Middle East. But like any global bank, it wants to have a foothold in the U.S. markets, and that foothold is now in danger. For more, we turn to NPR's Jim Zarroli in New York.
Originally published on Mon August 6, 2012 9:14 am
Discovering the natural world at Harlem Grown.
Credit Courtesy of Harlem Grown
This month we are collecting your stories about the good things Americans are doing to make their community a better place. Some of your contributions will become blog posts and the project will end with a story that weaves together submissions to make a story of Americans by Americans for Americans.
New York City officials are experimenting with a new way to fund social programs normally paid for with tax dollars. New York City officials say the prison intervention program could keep many of the nearly four thousand adolescent males that enter the jail system each year from returning. WNYC's Colby Hamilton reports Goldman Sachs is set to make a nearly $10 million investment in a social impact bond.