A “boring” bank is accused of laundering money for Iran, the welfare debate is heating up the presidential race, last month was deemed the hottest month ever recorded and Mitt Romney, Wedding Crasher. This and more in this week’s Week in Pictures.
A sign of Standard Chartered bank is seen at its headquarter in the City of London, Tuesday, Aug. 7, 2012. Shares in Standard Chartered PLC dropped sharply on Tuesday as investors reacted to U.S. charges that the bank was involved in laundering money for Iran. The charges against Standard Chartered were a shock for a bank which proudly described itself recently as “boring.” (AP Photo/Sang Tan)
Greek Prime Minister Antonis Samaras walks in front of the Presidential guard during the visit of Israeli President Shimon Peres in Athens, Monday, Aug. 6, 2012. Inspectors from the so-called troika of institutions providing Greece’s bailout loans finished a visit to Athens on Sunday, saying Greece is committed to making the necessary reforms. Samaras will meet later Monday his partners in the coalition government as the new austerity package will be finalized in late August. (AP Photo/Thanassis Stavrakis)
Trader Gerard Farco works on the floor of the New York Stock Exchange Thursday, Aug. 9, 2012. Stocks are inching higher in early trading after the U.S. government reported that claims for unemployment benefits fell last week. (AP Photo/Richard Drew)
In this May 9, 2012 file photo flags of the German insurer Allianz SE wave prior to the company’s annual shareholders meeting in Munich, Germany. Allianz SE says Friday, Aug. 3, 2012, net profit rose 23 percent in the second quarter as the company’s life insurance business did well. -Net profit rose to euro 1.32 billion (US dollar 1.63 billion) from euro 1.07 billion in the same quarter a year ago. Revenue rose 2.5 percent to euro 25.2 billion. (AP Photo/Matthias Schrader, File)
In this photo taken Aug. 8, 2012, Republican presidential candidate, former Massachusetts Gov. Mitt Romney campaigns in Des Moines, Iowa. Welfare is causing a ruckus in the presidential campaign, but the program is a shadow of its old self in the 1970s, when Ronald Reagan used the image of “welfare queens” against government poverty programs promoted by liberals. (AP Photo/Charles Dharapak)
In this July 6, 2012 file photo, perspiration collects on construction worker David Macmullen’s face in the afternoon heat, Friday, July 6, 2012, in Philadelphia. Federal scientists say July was the hottest month ever recorded in the Lower 48 states, breaking a record set during the Dust Bowl of the 1930s. The average temperature last month was 77.6 degrees. That breaks the old record from July 1936 by 0.2 degree, according to the National Oceanic and Atmospheric Administration. Records go back to 1895. (AP Photo/Matt Rourke)
An unidentified bride and groom react at a Jewish wedding as the motorcade of Republican presidential candidate and former Massachusetts Gov. Mitt Romney drives past for a campaign fundraising event in Lakewood, N.J., Wednesday, Aug. 8, 2012. Romney’s motorcade rolled into the fundraiser as a bride and groom were posing for pictures in the parking lot outside the hall in Lakewood. Several guests in yarmulkes who were standing around turned their cameras away from the couple, and a few chased the motorcade around the corner.(AP Photo/Charles Dharapak)