Standard Chartered Share Discussion Threads

[bowmans] 15/8/2012 15:02

Ah, Miata thank you.

[skinny] 15/8/2012 14:58

I guess he is alluding to :-

[miata] 15/8/2012 14:58

I assumed the reference was to the US lawyers.

[bowmans] 15/8/2012 14:56

Leedskier
You have said of Standard Chartered "rape and pillage of overseas companies seems to be their stock in trade ... double brownie points if it is a British company."
Now please explain yourself.

[bowmans] 15/8/2012 14:43

Leedskier, Explain yourself, please.

[miata] 15/8/2012 14:38

Ian Gordon, analyst at Investec, said: "It is a grossly unjust settlement. There is no attempt to claim that the settlement is based on any formulaic or financial assessment of wrongdoing." Gordon said: "[Standard Chartered] did this deal to dispose of a fairly unprecedented regulatory assault that could have had a material disruption to their business. When you are a high quality, high growth bank like Standard Chartered, the scope for value destruction was more than $340 million."

Another banking analyst said Standard Chartered had chosen "to make the settlement in a bid to make the problem go away," rather than rely on government support.

Vivek Raja, banks analyst at Oriel Securities, also said that there were concerns about U.S. regulatory clampdown on U.K. banks, after both HSBC and Barclays both recently received hefty fines. He said: "There is a real mood on the buy and sellside in this country that US regulatory politics getting involved in our banks is damaging a sector that already has a lot of un-investable traits anyway, and it really does seem like a bit of a witch-hunt."

The Standard Chartered deal has caused concern that the UK government is failing to defend UK interests. One analyst, who declined to be named, said: "In my view, the UK regulator has been inept in its handling of this case and the broader issue, and it shouldn't leave it here. I think it will leave it here, but [UK Prime Minister] Cameron should be seeking an apology, a retraction and a redress."

[leedskier] 15/8/2012 13:43

rape and pillage of overseas companies seems to be their stock in trade ... double brownie points if it is a British company.

[snatander] 15/8/2012 13:37

pursuing a collective settlement with other U.S. authorities


not sure i like the sound og that

[snatander] 15/8/2012 12:44

will other states also fine

[wsgrocksit] 15/8/2012 12:12

If you say so on both counts!!! lol!!



Hectorp 15 Aug'12 - 12:02 - 1428 of 1429

good name now besmirched regardless of the fact of a moderate fine.

short position now.

Hectorp 15 Aug'12 - 12:04 - 1429 of 1429

sell!

[hectorp] 15/8/2012 12:02

good name now besmirched regardless of the fact of a moderate fine.

short position now.

[snatander] 15/8/2012 09:06

yyyeeeeeaaaaa haaaaaaaaaaaaaaaa

[snatander] 15/8/2012 08:54

buy relax and look for £16 later this year imho, each month that goes past they throw off a slug of cash

[philo124] 15/8/2012 08:52

Uncertainty still remains which has held this back today- no different to other
banking stocks. Generally i think the market is moving towards "risk off" again
and this also will not help. Austerity=Recession.

[miata] 15/8/2012 08:49

Difficult to make much today but a buy below 1405p should yield points.

[ny boy] 15/8/2012 08:42

easy money off the lows, all tax free too on the spread bet. Probably the gift of the year!

[snatander] 15/8/2012 08:42

cooking on gas now

[miata] 15/8/2012 08:34

Looked at in a wider timeframe, buy at £13 sell at £15 previously. Thus fair value longer term would seem below the former £14.

[liam1om] 15/8/2012 08:28

Its down because this news was pretty much known yesterday, so you have the sell on the news brigade.

Plus, there is a hint that other US states may take similar action.

[snatander] 15/8/2012 08:25

Buys coming in, looking for 1450 by 10am