By Robert Sutherland Smith | Wednesday 26 June 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The arrival of the trading statement from Standard & Chartered Bank (STAN) for the close of the second quarter to 30th of June, served to add a little light and transparency to the Bank’s more opaque shareholder guidance on the first quarter’s results. To summarise, we were told that Q1 margins had been impacted by the ‘extraordinary monetary policies’ in the US and Japan effecting liquidity and margins with good volume business but at tighter margins and spreads
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