Key Words: Standard Chartered CEO: Banking turmoil may be over but the sector may face fresh issues

by | Apr 25, 2023 | Stock Market

That was Standard Chartered’s UK:STAN chief executive Bill Winters explaining that banks are still exposed to some risks remaining from the turmoil U.S. and European banks faced last month, which have largely subsided, he told CNBC on Monday. Regulators intervened last month to prevent contagion in the banking sector from the collapse of Silicon Valley Bank and Credit Suisse, which Winters said was “highly impactful” but highlighted some regulatory gaps that should be consequently filled. “I…

Article Attribution | Read More at Article Source

Share This