Main content

Banks under Scrutiny

Does the evasion of sanctions against Iran and interest rate manipulation at banks point to a wider cultural problem in the business? And the economic consequences of fasting during Ramadan.

There have been new developments in US banking investigations. Standard Chartered agreed to pay a penalty of $340 million over alleged breaches of sanctions against Iran. And we had confirmation that the investigation into manipulation of the interest rates known as LIBOR has spread to additional banks. Philip Augar, a writer and former investment banker says these developments point to a wider cultural problem.

And as the end of Ramadam approaches, the Jordanian economist Samer Sunuqrot says the fasting has an impact on productivity and on the pattern of consumer spending.

(Image: A market seller in Yemen displays his corn. Credit: AP Photo / Hani Mohammed)

Available now

18 minutes

Last on

Fri 17 Aug 2012 11:32GMT

Broadcasts

  • Fri 17 Aug 2012 07:32GMT
  • Fri 17 Aug 2012 11:32GMT

Business Daily Podcast

Download every programme.

Podcast