Originally published on Wed August 15, 2012 6:07 am
The small Southern California city of San Fernando is facing a seven-figure fiscal crisis. But the town has been unable to address its money issues because the romantic entanglements of the city leaders are dominating the agenda.
A British bank has agreed to settle charges that it illegally laundered Iranian money. The settlement with Standard Chartered was announced by New York banking regulators, who'd brought the charges just a week ago. The bank still is under investigation by the federal government. NPR's Jim Zarroli has more.