Did Another British Bank Behave Badly?

The headquarters of Standard Chartered in London Photograph by Simon Dawson/Bloomberg

I was raised in Miami, a place with a proud tradition of money laundering. Three decades ago, when the city was awash in cocaine riches, it was not uncommon to see people walk into banks with Samsonites full of $50 and $20 bills. All-cash, zero-haggle bids on luxury cars, condos, and thoroughbreds were the rage. Today, retired dopers will regale you with tales of the overnight counting operations of unscrupulous banks, as can this column from Bloomberg View’s Jonathan Weil, a fellow South Florida native.

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