Standard Chartered: a broken business model in a cyclical downturn

Standard Chartered has this week announced a loss-making Q3 accompanied by a $5.1 billion rights issue and a strategic review, writes Barry Norris for Investment Europe. The Argonaut Capital CEO explains that while new management has gone a long way to owning up to the previous failings of the bank, it has also admitted to new challenges: Standard Chartered is a broken business model in a cyclical downturn.

 

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