george osborne

UK Bank That Hid Iran Dealings Is Fed Up With 'F---ing Americans'

From 2001 to 2010, British bank Standard Chartered conspired with Iran to hide roughly 60,000 transactions involving at least $250 billion. And when they were called out by New York regulators for the possibility that this might have been illegal, their response was blunt ... and profane.

U.K. Budget Would Levy New Tax on Banks, Hike VAT

In laying out a new budget to tackle Britain's fiscal mess, newly appointed Chancellor of the Exchequer George Osborne has proposed a multibillion-pound bank levy, which will apply to the balance sheets of U.K. banks, as well as a hike in the value-added tax.