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Alex Wong, Director, Asset Management at Ample Capital weighs in on the slew of corporate earnings out of Hong Kong this week, and gives his take on the performance of shares of Li & Fung, Swire Pacific and Standard Chartered.
According to sources, Standard Chartered is not considering a lawsuit, reports CNBC's Steve Liesman.
Brad Hintz, Sanford Bernstein analyst, explains how the fallout from Standard Chartered's alleged transaction with Iran could become a liability to some U.S. banks.
Did a New York regulator go "rogue" in his investigation of Iranian money laundering at Standard Chartered Bank? CNBC's Steve Liesman reports the latest details.
CNBC's Steve Liesman reports regulators have criticized Lawsky's decision to take public action against Standard Charter Bank.
Simon Willis, Banking analyst, Daniel Stewart and Simon Nixon of the Wall Street Journal discuss whether the US is being selective in picking on British banks after StanChart was accused by New York regulators of helping Iran hide billions in transactions.
David Marshall, Senior Analyst, Asia-Pacific Financials, CreditSights says Standard Chartered has always been in talks with U.S. authorities and the Iran accusations come at a time when the U.S. elections are looming.
Lim Say Boon, Chief Investment Officer, DBS Private Bank says it would be unforgivable if Standard Chartered did not do due diligence on Iran, but that investors should wait for more evidence before condemning the bank.
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.