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StanChart to curb US$2b diamond exposure: sources

Published Wed, Mar 23, 2016 · 09:50 PM

Standard Chartered

London

STANDARD Chartered Plc is demanding more loan protection from clients in the Indian and Belgian diamond trade as the bank seeks to tighten standards, according to people with knowledge of the new policy.

After lending about US$2 billion to the industry, the London-based bank is asking diamond-processing clients to get payment insurance or provide 100 per…

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