MONROVIA, Liberia (AP) — Security forces are enforcing a quarantine around a slum in the Liberian capital, where looters raided an Ebola screening center over the weekend and removed contaminated sheets and other items.
New York state's banking regulator Tuesday hit Standard Chartered Bank with a $300 million fine and restrictions on its dollar-clearing business for failing to detect possible money-laundering. The New York Department of Financial Services (DFS) said the British bank's internal compliance systems had failed to detect or act on a large number of "potentially high-risk transactions" mostly originating from Hong Kong and the United Arab Emirates. The new punishment came two years after the bank paid US regulators $667 million to settle charges it violated US sanctions by handling thousands of money transactions involving Iran, Myanmar, Libya and Sudan. A DFS monitor appointed in 2012 to keep an eye on the bank discovered that it had not detected the allegedly high-risk transactions from Hong Kong and the UAE or reported them as it should have, the department said.
Freshly split Apple shares closed at a high on Tuesday, with investors evidently betting the California company will debut popular new gadgets, perhaps a smart watch and an iPhone 6. "After improving the executive leadership team and adding over a dozen leaders in key areas of competency including fashion, medical research, digital content and marketing and wearables, we believe CEO Tim Cook now has the bench in place to execute on new product categories," Morgan Stanley said in a note to investors. Morgan Stanley recommended being in position for "iPhone 6 and iWatch product cycles" and set a price target of $110 per Apple share. Apple is rumored to be planning a September 9 event to unveil its long-anticipated large-screen iPhone.