Bank scandals tarnish London’s reputation

By Robert Barr

Published August 7, 2012 4:00am ET

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Bank scandals tarnish London’s reputation — A man walks by the headquarter of Standard Chartered bank in the City of London, Tuesday, Aug. 7, 2012. Shares in Standard Chartered PLC dropped sharply on Tuesday as investors reacted to U.S. charges that the bank was involved in laundering money for Iran. The charges against Standard Chartered were a shock for a bank which proudly described itself recently as "boring." (AP Photo/Sang Tan) | Sang Tan

LONDON (AP) — It’s been a tense summer in the City of London as one bank after another has faced allegations of massive misbehavior.

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