Tuesday, 7 August 2012

Standard Chartered

Given the extradition & jailing of the NatWest3 by the US are the British directors/executives of Standard Chartered worried more about potential criminal charges (and what  may follow if found guilty) or the collapse of their share price?

By the same token, I doubt FSG/Liverpool FC will be less than happy to have the name of a bank described by the US authorities as a "rogue institution"on the front of their shirts.

While Standard Chartered has denied the charges, it's fair to say that there may be worse to come for both the bank and it's senior individuals.

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