from Counterparties:

Standard incompetence

By Ben Walsh
August 20, 2014

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Standard Chartered’s compliance department is apparently pretty bad at complying. In 2012, the bank was fined $340 million for hiding transactions with sanctioned Iran. As part of the settlement, Standard Chartered bank (SCB) was required to “remediate anti-money-laundering compliance problems,” Dealbook’s Ben Protess and Chad Bray report, and hire an outside monitor to judge whether the problems were in fact remediated.

from Counterparties:

Putting stock in the market

By Ben Walsh
August 18, 2014

Robert Shiller wants us to talk about stock prices. “We are in an unusual period, and that it’s time to ask some serious questions about it,” he says.  Specifically, Shiller wants to discuss just how far above normal they currently are:

from Counterparties:

Hungry, heavy and poor in America

By Ben Walsh
August 12, 2014

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America’s hungriest region is also its heaviest,  Eli Saslow reported as part of his Pulitzer Prize-winning investigation. Saslow documented the perverse coincidence of hunger, obesity, and poverty in Texas’ Rio Grande Valley. In one county in the region, 32 percent of the residents are obese and 40 percent have been severely hungry in the last month. The problem is complex, but the crux of it comes down to trying to feed families on minuscule budgets and limited aid. “It is unrealistic to expect someone stretching their dollars to be highly worried and focused on nutritional content,” Saslow quotes a food policy analyst saying. “They just need to eat.”