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• New York states' Department of Financial Services had threatened to revoke the bank's license to operate in New York, which would have hit Standard Chartered's dollar-based businesses.
• In a brief statement to the market, Standard Chartered said Wednesday that it "continues to engage constructively" with other U.S. agencies including the Department of Justice, the Treasury and the Federal Reserve.
• Shares briefly shot up to 1,473 pence, just above the 1,470 pence closing price on Aug. 6, the day the New York agency announced its charges.
• Despite the positive bounce on Wednesday, analysts said investors are likely to remain cautious about Standard Chartered shares until the other investigations are resolved.
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• WASHINGTON (AP) -- Rep. Paul Ryan's plan for Medicare gets all the attention, but the GOP vice presidential candidate has proposed more fundamental changes to medical care for the poor and disabled.
• Under the Wisconsin congressman's Medicaid plan, states would take over the program. Simultaneously, Ryan's proposed budget would reduce projected federal spending by about $800 billion over 10 years, shrinking Medicaid as a share of the overall national economy. The plan has passed the Republican-led House two years in a row.

• Ryan would also repeal President Barack Obama's health care law, expected to add at least 11 million more people to Medicaid.
• On both proposals, Ryan is in sync with his new boss, Republican presidential candidate Mitt Romney. But such cuts would result in millions of vulnerable people losing health insurance, according to advocates for the poor and some nonpartisan economic analysts.
• "Medicaid is already a very lean program," said Edwin Park of the Center on Budget and Policy Priorities, which advocates for low-income people. "It is not a program where you can magically glean huge efficiencies by just devolving it to the states. The only way to compensate for funding reductions of this magnitude would be to institute deep, damaging cuts to beneficiaries and the health care providers who serve them."
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