On a muggy summer afternoon in Greenpoint, Brooklyn, a dozen people are hard at work on the patio behind a local church. They're stripping old bicycles of their brakes, cables and chains, and sanding and spray-painting them white.
But behind the lighthearted chatter, there's a more somber purpose to this gathering: They're building "ghost bikes."
Painted all white and adorned with colorful notes and flowers, ghost bikes are the cycling community's equivalent of roadside shrines dotting the highway; they mark the spot where a rider was killed in traffic.
A British bank has agreed to settle charges that it illegally laundered Iranian money. The settlement with Standard Chartered was announced by New York banking regulators, who'd brought the charges just a week ago. The bank still is under investigation by the federal government. NPR's Jim Zarroli has more.