There are also risks from high levels of debt in some countries, including China. Exposures to commercial real estate, leveraged loans and illiquid assets are also extremely modest.
Without giving precise details for how much a full-scale economic conflict would lower world GDP, she said: While that would be similar to the drop experienced during the financial crisis ofit warned the impact could be even greater if countries went further than the WTO rules.
Top Strong earnings The Right Partner The Group has demonstrated it is the right partner for governments and regulators across our markets by working with them to address the short-term crisis and longer-term regulatory reform. The capital position has been strengthened further by a successful rights issue which closed in December.
Anything that puts sand in the wheels of global trade is a risk to global growth. The foundations of the Group remain in excellent condition. Reuters A worldwide escalation of the trade tensions between the US and its major trading partners would have consequences for global trade equivalent to the financial crisis, the World Bank has warned.
Concerns also remain over an escalation of tensions between the US and China amid similar threats of protectionism from the White House and a promise of retaliation by Beijing.
The Bank supplemented this strength with selective acquisitions in which provided the businesses with specialist capabilities in key markets. Our disciplined management of expenses was demonstrated in the second half of as the Bank reduced costs in anticipation of the slowdown in Asia, Africa and the Middle East caused by the banking crisis in the West.
Share via Email This article is over 3 months old President Donald Trump, who recently imposed border tariffs on steel and aluminium imports from Canada, Mexico and the EU.
However, it warned there were growing risks since its last assessment made in January. Core Tier 1 capital, at 7. Global economic growth is forecast to remain robust at 3. The Group has not escaped unscathed from the biggest financial crisis of our times, but a firm grip on the basic foundations of banking — liquidity, capital, risk and cost management — enabled it to escape the worst of the turmoil and stand out in the global financial landscape.
Alongside the threat posed by economic protectionism, the bank cited potential upsets from financial markets as central banks raise interest rates.
In a global economy starved of liquidity, Standard Chartered remained a net interbank lender in the money markets and continued to lend to its clients.
The Bank made good progress in integrating AEB, amalgamating businesses in 47 countries by the end of the year. The Bank is also very liquid, benefiting further from a strong inflow of deposits; the balance sheet is in excellent shape; and the Group has a firm grasp on risks and expenses.
The performance was particularly pleasing as it came in a year of global financial upheaval. Asset backed securities accounted for less than one per cent of Group assets.
The Trump administration last week imposed border tariffs on steel and aluminium imports from the European Union, Canada and Mexico, triggering angry responses and countermeasures, which could unravel decades of political consensus over the benefits of free trade. We believe these strong foundations coupled with the diversity of the business, both by geography and product as a result of selective acquisitions, will position us well to face the continuing challenges of deepening economic turbulence in The Group in Our business and strategy Standard Chartered aims to be the world’s best international bank, providing Consumer and Wholesale Banking services in Asia, Africa and the Middle East.
Our Identity. We are a leading global investment bank with a strong and profitable private clients franchise.
Our businesses are mutually reinforcing. THE WORLD BANK GROUP WASHINGTON, D.C. T Safe, Clean, and Affordable Transport for Development The World Bank Group’s Transport Business Strategy for Prepared by the Transport Sector Board. The report is “Financing the Future: The Economic Opportunities of Bank of America’s $ Billion Environmental Business Initiative”.
Since Doing Business has tracked regulatory reforms aimed at improving the ease of doing business in the world’s economies—from Afghanistan to killarney10mile.com Businessthe fifth report in the series, found that large emerging markets—such as China, Egypt, India, Indonesia, Turkey, and Vietnam—were.
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