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Cuomo watch: Touts bank settlement

Gov. Andrew M. Cuomo continues to push back against criticism that his administration overstepped when it charged a British bank with concealing transactions tied to Iran.

Federal regulators were reported to be irate that the Cuomo administration threatened to revoke the banking license of Standard Chartered Plc instead of joining a single, global settlement with the bank that was likely to happen by Labor Day.

Cuomo's financial services commissioner, Benjamin Lawsky, eventually got Standard to agree to a $340 million settlement.

The governor, in a radio interview, called it a proud day for the state. Then, a day after federal officials anonymously called New York's move "shortsighted," Cuomo penned an op-ed piece touting the outcome.

-- Yancey Roy

State & Region