You could call it the “head-in-the-sand” discount.
Standard Chartered shares have rallied more than 20% since the emerging markets bank last month ditched Peter Sands, its chief executive of eight years, and showed it was cutting risky assets.
Investment Banking
Standard Chartered’s relief rally has limits
A dividend cut looks likely, while a rights issue and higher provisions could create a sturdier platform
Wednesday 25 March 2015 at 13:10
