Standard Chartered (SCBFF.PK +11%) must have better friends in high places than Barclays and...

|About: Standard Chartered PLC (SCBFF)|By:, SA News Editor

Standard Chartered (SCBFF.PK +11%) must have better friends in high places than Barclays and HSBC as U.K. officials - having no issue with recent allegations against those two banks - quickly leap to the defense of SCB. Mervyn King urges against a rush to judgement, and elected officials call the charges an attack on the City of London's status as a financial center.