The Bank of England revealed the results of its annual stress test today, for the first time since the launch of the test in 2014, no bank is required to strengthen its capital position as a result of the test, the BoE revealed. The 2017 test subjected banks to a scenario described by the BoE […]
Research from Standard Chartered has pointed to an ongoing shift in the way investors access the Chinese market and Chinese assets, which is expected to see the Stock Connect and China Interbank Bond Market (CIBM) channels take over business from the QFII and RQFII channels. Although the Qualified Foreign Institutional Investor and RMB Qualified Foreign Institutional […]
Barry Norris (pictured) manages the Argonaut Absolute Return Fund and shares his views on Standard Chartered results for Q3 2015. Standard Chartered yesterday announced a loss-making Q3, accompanied by a $5.1bn rights issue and a strategic review. As we wrote in August ( http://blog.argonautcapital.co.uk/articles/2015/08/06/argonautica-august-2015/ ), we believe the company had previously been run with too much emphasis […]
If it is easy to be cynical about the current mission statement of Standard Chartered, then we must also admit to being skeptical about the prospects for the bank in general. It has been suggested that first half results published 5 August might have seen a “kitchen sinking” of bad news by new management. We […]
The Bank of England (BoE) announced the results of its stress test, revealing that three UK lenders, the Co-operative Bank, HSBC Bank, and RBS need to strengthen their capital position. HSBC was the only one of three banks included in the FTSE100 deemed to be “at risk” in the crisis scenario, while Barclays and Lloyds […]
Despite profitability seen among a number of banks both in the US and Europe, the big lenders continue to be hampered by pressure on profitability, according to analysis from SNL.
A senior banker has warned of the breakdown in trust between banks and regulators, during the Annual Risk Management convention run by the Global Association of Risk Professionals in New York this week.
Standard Chartered chief executive Peter Sands last night strongly rejected claims from US regulators the UK bank helped Iran launder as much as $250bn.
The entrepreneurial spirit and economic boom in emerging countries like China has brought great individual wealth without question, but it has also brought an expectation by many locals that performance from fund investments should keep pace with growth in their businesses – daunting for fund providers where in some cases the enterprise in question has expanded at 20% a year.
Financial institutions across the continent have accumulated collections of art, each for their own reasons, such as Standard Chartered Bank.
Standard Chartered, the emerging markets-focused bank, sees 2012 as a year of a two-speed global economy. The bank sees a slowing global economy in 2012, with a fragile West and a resilient Asia, Africa, Middle East and Latin America.
Managers believe the European financials sector is undervalued, despite ratings agencies Moody’s, S&P and Fitch collectively downgrading or placing on credit watch negative several major European financial groups.