2012-08-11reuters.com

``The Fed, donning its hat as the chief overseer for any potential hazards to the U.S. financial system, has asked Standard Chartered's New York office to check in every few hours for a "liquidity and numbers check," according to people familiar with the situation. The concern is that the possibility of the bank's license being revoked might cause trading counterparties or depositors to flee. That would hamper the ability of Standard Chartered's New York branch to conduct normal business for customers.''



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