🏦🌍📊 Standard Chartered Confident Amid Trump’s Global Tariff Disruptions 🔹 Summary: Standard Chartered says its trade-focused business is well positioned to weather the impacts of Trump’s escalating global tariffs. CEO Bill Winters emphasized the bank’s diversified network as a key strength, limiting exposure to any single bilateral trade relationship. 🔹 Key Points: • The statement was released alongside the bank’s annual shareholder meeting in London. • Only seven trade corridors generate over $100 million annually for Standard Chartered’s network. • The bank sees its global reach as a strategic advantage in volatile trade conditions. • Winters acknowledged that a broader trade war could hurt global growth and the bank’s markets. • Standard Chartered’s business strategy is focused on resilience across diverse trade routes. @CMEActiveTrader Tickers Of Interest: $ES $NQ Tickers Of Interest: $STAN $USD $EUR $GBP $JPY $HKD $SPY $DIA $FTSE $DAX
⚠️ StanChart says its trade network is resilient to Trump tariff disruption - Reuters on Full Story →
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