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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
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Banks

Standard Chartered's China exposure under scrutiny in tomorrow's update

Standard Chartered rounds off the banks' annual earnings season tomorrow with, like HSBC, the situation in China likely to be the headline maker.

UBS also expects the bank to unveil a new three-year plan to highlight the unity of the new management.

Also like its larger Asia-focused peer, Standard gets a healthy tailwind when US interest rates rise, with each 0.5% rise worth US$430 million so what will happen when rates start to fall will be worth noting.

Bad debts in China property, cost and loan growth and dividends and buybacks will be other key notables.

Lok for underlying annual profits of US$5.4 billion and US$816 million in the final quarter suggests UBS.

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