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Standard Chartered Surrenders

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A New York regulator settled a money laundering probe of Standard Chartered for $340 million a day before the U.K.-based bank was to appear at a hearing to defend its right to continue operating in the state.



Warren Buffett

Working for Warren Buffett

Rail giant BNSF Railway was Berkshire Hathaway's biggest purchase ever in 2010 at $34 billion, and is currently the largest entity in its portfolio to date. So is there a lot of pressure to perform when you're reporting to Warren Buffett himself ?