By Robert Sutherland Smith | Tuesday 13 May 2014
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.
Standard and Charter Bank (STAN) has a capacity for issuing statements with blurred outlines, which contrast with the almost legal documentary offerings, by way of management statements, from other banks. Consider, for example, the Q1 management statement from HSBC (HSBA), which opened with a glossary of terms and acronyms with their definitions which you expect to find in a prospectus or a contact. There is a myriad of precise percentage and other numbers in that Management Statement from HSBC
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