Subscribers

BOE stress tests crucial for StanChart

Half of the bank's market value has been eroded in 2 years

London

FOR Bill Winters, things could go from bad to worse.

The Standard Chartered plc chief executive officer has tapped investors for US$5.1 billion, scrapped dividends and shed toxic assets since joining the bank in June. On Dec 1, investors will find out if the London-based lender has done enough to weather the latest round of stress tests, based on end-2014 data, as regulators step up scrutiny on exposure to emerging markets.

"The nightmare scenario would be if they fail and analysis indicates...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes