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Thursday, July 24, 2014
Chinese Banks Should Pondering over Standard Chartered's Active Reduction of Its Scale
ANBOUND

It is reported that Standard Chartered has stopped large scale expansion to save its capital. A man from high level of Standard Chartered said that currently the bank was retreating from Asian core market. ANBOUND research team believes that Standard Chartered, who has worked hard in emerging markets for a long time, might have sensed the risks caused by asset bubbles of emerging economies and actively reduces its scale. This is worth deep consideration of Chinese banks which keeps expanding their capital scale. Citibank lost half of its net capital after American subprime crisis, which can be served as a lesson.

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