Reuters: Regulatory News: PRESS DIGEST - British business - Aug 15

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PRESS DIGEST - British business - Aug 15 Aug 15th 2012, 00:14 Tue Aug 14, 2012 8:14pm EDT The Times STAN CHART BITES THE BULLET Standard Chartered was forced to pay a $340 million fine on Tuesday to settle damaging allegations from a New York regulator that it had indulged in a "wilful and egregious" breach of American sanctions against Iran. The Telegraph CLEGG TO HAVE SAY OVER NEW BOE HEAD The chances of a banker becoming the next Governor of the Bank of England have fallen sharply after it emerged that Nick Clegg will have a say in the appointment. STAN CHART TO PAY $340 MILLION OVER IRAN Standard Chartered on Tuesday agreed to pay a $340 million fine in a humbling settlement with United States regulators over Iranian money laundering charges. COMPUTER CAUSED KNIGHT MELTDOWN A dormant computer system sprang to life and embarked on a share trading blitz that took just 45 minutes to rack up a $440 million bill for Knight Capital, bringing the company to its knees. The Guardian ECUADOR WILL GRANT ASYLUM TO ASSANGE, SAY OFFICIALS Ecuador's president, Rafael Correa, has agreed to give Julian Assange asylum, officials within Ecuador's government said on Tuesday. The Independent OLYMPICS DIDN'T HELP UK TOURISM, SAY TRAVEL ORGANISATIONS Small businesses have responded furiously to claims by the British Culture Secretary, Jeremy Hunt, that the Olympics were "a very good period" for tourism. Link this Share this Digg this Email Reprints

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