Simon Willis News
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Standard Chartered Plc, which generates more than three quarters of operating profit in Asia, will tap rising demand for wealth management products in Southeast Asia to bolster growth, Chief Executive Officer Peter Sands said.
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HSBC Holdings Plc, Europe’s largest bank, posted a bigger-than-estimated increase in first-quarter profit after provisions for bad loans shrank, stirring speculation the lender may step up its cost-reduction targets.
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Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc are set to post losses for 2011 this week before returning to profit as the state-controlled U.K. banks cut thousands of jobs and finish a series of writedowns.
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HSBC Holdings Plc and Standard Chartered Plc, the two U.K. banks most reliant on Asia for earnings, may next week say profitability in the region is being squeezed by both international and domestic competitors.
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John Vickers, the Oxford University economist charting the future of U.K. banks, has already contributed to a 60 billion-pound ($96 billion) slump in the market values of Barclays Plc, Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc.
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Banks in the European Union may need to comply with an international liquidity rule before competitors in other parts of the globe as part of a deal on how the bloc should implement Basel banking standards.
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HSBC Holdings Plc and Standard Chartered Plc, Britain’s two best-performing bank stocks last year, may say full-year profit rose as growth in Asia eclipsed the stagnating U.K. economy.
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The threat by a New York regulator to suspend Standard Chartered Plc’s banking license is stoking investor and analyst concern the business model that produced eight straight years of record profit is in jeopardy.
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U.K. banks, under pressure from the Bank of England to increase capital, may do exactly what the central bank doesn’t want them to do: Cut lending.
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European banks are being forced to sell more long-term bonds as regulators seek to prevent another financial crisis. European insurers say their own regulator will stop them from buying such debt.
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