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