European stocks closed lower on Wednesday, with investors responding to talks between the U.S. and Russia on Ukraine.» Read More
Hugh Young, Global Head of Equities, MD, Aberdeen Asset Management says his firm will wait for evidence to be presented before making any decision on its stake in StanChart, adding it will likely result in an out-of-court settlement.
Hugh Young, Global Head of Equities, MD, Aberdeen Asset Management says Standard Chartered is a strong bank and should be given a chance to respond to the charges that it had violated U.S. laws. Young's firm owns 6% of Standard Chartered.
Jim Awad, Managing Director, Zephyr Management says the worsening geopolitical situation in the Middle East is driving oil prices higher and a "risk premium" is building in the commodity.
Jaspal Bindra, Asia CEO, Standard Chartered Bank says that fundamentals in Asia are intact although growth rates have moderated.
Richard Meddings, CFO of Standard Chartered, told CNBC, "We are absolutely not complacent and we manage the bank very conservatively with regard to risk profile. Asia is slowing so if you took measures of intra-Asian trade it is believed now to be growing at about seven percent but our trade finance assets grew at 13 percent, so the world is slowing but we still have opportunity to grow market share."
Stuart Leckie, Chairman at Stirling Finance gives his analysis on Standard Chartered's interim earnings, and his take on the bank's revenue outlook.
Standard Chartered Bank's Asia CEO Jaspal Bindra has warned that the European Central Bank's long-term refinancing operations could lead to unintended consequences.
The uncertain economic climate has dimmed job prospects for the rest of the year and going forward into 2012, with investment banks especially vulnerable to cuts, Guy Day, CEO of recruitment firm Ambition told CNBC.
Banking stocks in Asia have been under selling pressure since the beginning of August on fears that the lenders’ funding positions will be hurt by European debt crisis. But John Wadle, head of regional banks research at Mirae Asset, believes the region’s banks are well positioned to weather the financial volatility.
The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000 billion, the FT reports.
European stock market futures pointed to a mixed opening on Wednesday as earnings season got properly underway and Glencore was expected to publish the prospectus for its much anticipated joint flotation on the London and Hong Kong Stock Exchanges.
Britain's top banks are set to need more capital and ring-fence retail banking to shield taxpayers from another crisis in the most radical industry shake-up for decades, which may prompt some banks to leave.
Budget deal accepted, NYSE bid rejected and British banks relocated? Here's what we're watching…
Like more than 90 percent of the population, I won't be changing my bank however rude they are to me on a Saturday morning. The work it would entail for the pay-off is too small. Bob Diamond, Stuart Gulliver and Peter Sands, on the other hand, may find they can get more out of changing countries.
European regulators should stop banker-bashing and allow banks to do their job or risk losing ground to competition from the US, Middle East and Asia in the financial sector, Howard Wheeldon, senior strategist at BGC Partners, told CNBC.com.
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Hundreds of South Korea’s small and midsized exporters have threatened to boycott a number of significant foreign-owned banks after they suffered heavy losses from currency derivative investments. The FT reports.
In the latest of a wave of hostile takeover bids, emerging markets bank Standard Chartered is fresh meat — and investors, including JPMorgan Chase, are hungry.
Small and mid-cap stocks have outperformed the large caps this year and there will be more tailwind for the smaller caps going forward, said David Sowerby, chief market analyst and portfolio manager at Loomis Sayles. He shared his best plays with investors.
American Express agreed to sell its international banking subsidiary, American Express Bank, to U.K. bank Standard Chartered in a deal worth approximately $1.1 billion, the company said in a statement Tuesday.