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Standard Chartered PLC (SCBFF)

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At close: 03:31PM EDT
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    Standard Chartered: Oil Prices Likely To Head Higher

    Commodity experts at Standard Chartered are saying that the path of least resistance for oil prices at this point is higher, not lower

  • Reuters

    StanChart CEO says AT1 bond wipeout has profound impact

    HONG KONG (Reuters) -Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse AG's $17 billion Additional Tier 1 bonds wipeout had "profound" implications for global bank regulations. Winters told a financial forum in Hong Kong the U.S. Federal Reserve move to guarantee non-insured deposits was a "moral hazard". As part of the deal for UBS Group AG to take over Credit Suisse, the Swiss regulator determined that Credit Suisse's AT1 bonds with a notional value of $17 billion would be wiped out, a decision that stunned global credit markets and angered many holders.

  • Bloomberg

    Oil Drops as Investors Assess Fed’s Message, Outlook for Dollar

    (Bloomberg) -- Oil fell as investors weighed the Federal Reserve policy outlook after another hike and digested a mixed snapshot of US supply and demand.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockShort Seller Hindenburg Says ‘Another Big One’ Coming SoonUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidJPMorgan Sold $10 Million in Jewels Left in Bank Safe Deposit Box, Suit ClaimsAckman Warns of Accelerated Deposit Outflo