StanChart Socked With $292 Mln ABS Write-Down

27 Jun 2008

Standard Chartered has been socked with a $292 million write-down in its asset-backed securities portfolio. The loss will result in the London-based lender booking a $108 million charge in the first half. Notwithstanding the down news, StanChart says the picture is looking up in some sectors. “”We see ...

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