Popularized in films like Limitless, legal smart drugs called Nootropics are becoming more and more prevalent in board rooms and on Wall Street.Keep reading »
Last time Standard Chartered had a little run-in with Benjamin Lawsky—you know, for money laundering for the ayatollahs—it walked away $340 million lighter. It also promised to pay some extra attention to the kinds of things that Benjamin Lawsky might want it to pay attention to.
And it has! Just, not to the extent that old Benjamin Lawsky wanted. But he’s going to go easy on them this time.
Benjamin Lawsky, New York’s superintendent of financial services, alleged the British lender failed to catch millions of higher-risk transactions that should have been set aside for later examination.
The bank is likely to pay between $200 million and $300 million in penalties, one of the people said.