Yuan slide seen adding to StanChart’s Asian challenges

Standard Chartered has been confronted with another recent challenge in the shape of China’s yuan devaluation – and the worst is still yet to come, according to Argonaut’s Barry Norris. Reuters speaks with the Argonaut European Alpha Fund manager about the struggling bank, whose exposure to Asia’s economic weakness and currency volatility could further hamper new CEO Bill Winters’s turnaround efforts.

 

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