Just last week I headlined the earnings report:
A Seriously Smart Bank: "Standard Chartered Profit Rises 11% in First Half" (STAN.L)
Maybe not so smart.
The tally so far:
Barclays is a flat out cheat and liar on LIBOR.
HSBC launders billions for these guys: "49 Mutilated and Decapitated Bodies Left on Mexico Highway ...".
And now StanChart "scheming" with the Iranian government.
STAN.L is down 18.5% after dropping 6% just before the London close yesterday.
The litany brings to mind a post from last month: