StanChart says its trade business resilient to Trump tariff disruption
From Yahoo Finance: 2025-05-08 06:17:00
Standard Chartered reassures investors of its ability to handle global trade disruptions post Trump’s tariff announcements. CEO Bill Winters highlights the bank’s diverse network and limited reliance on specific trade routes. Despite concerns about shrinking income due to tariffs, StanChart focuses on supporting international companies in Asia, Africa, and the Middle East. Shares rise following positive investor sentiment but have not fully recovered from initial decline. U.S. and Britain set to announce tariff reduction deal, easing trade tensions.
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