Standard Chartered CEO warns of risks in the banking sector that haven't 'come home to roost'
Publishing timestamp: 2023-04-25 02:00:06
Summary
Standard Chartered's CEO, Bill Winters, has warned that the banking sector may face fresh issues as imbalances in some banks are exposed by inflation and higher interest rates. While regulators intervened to prevent a wider banking crisis last month, Winters cautioned that there are still underlying flaws in some business models that could yet play out. He commended the work of central bankers in stemming wider contagion but noted that the episode also highlighted some regulatory shortcomings that would need to be addressed with caution and consideration. Standard Chartered is set to report earnings on Wednesday.
Sentiment: NEUTRAL
Keywords: central banking, economy, standard chartered plc, inflation, banks, business, business news, interest rates,
Source: https://www.cnbc.com/2023/04/25/risks-in-banking-sector-havent-come-home-to-roost-stanchart-ceo.html