US regulators are re-upping their case against Standard Chartered, a British bank.  They are doing this under US domestic laws which forbid trading with Iran.   These laws do not apply to foreign banks, so the case is a false one.  Nonetheless, shares in the bank fell precipitously when the US announced its new investigation.

British politica leaders have refused to get involved.  Some think that the bank has no choice but to move back to Shanghai where it began in 1858.

US regulators will not touch a US banker like Jamie Dimon, who until recently was the President’s personal banker among his many roles.  They are trying to defend themselves to US citizens cangry at banks by attacking foreign banks like Credit Suisse and Deutsche Bank.  Meanwhile Bank of America, JP Morgan Chase and Citibank are sailing through with no criminal charges lodged against them.  Fines which seem huge to ordinary citizens are just the cost of doing business for big banks.