The world agrees!

Standard Chartered’s shares fell in the wake of the NYDFS allegations but London Mayor Boris Johnson has fired off a counter-strike: he has accused the NY authorities of attacking a British bank out of naked self-interest and jealousy. And the bank’s assertion that Americans have no right to tell the rest of the world not to do business with Iran is also fuelling a backlash against the NYDFS and it seems to be helping to rebuild the SC share price.