The second-half results were hit by significant restructuring charges largely driven by asset impairments aimed at accelerating the balance-sheet de-risking. However, the group managed to raise its capital position in line with its mid-term objective thanks to the capital increase, the lack of final dividend payment and the fact that some of the charges were already factored in regulatory equity. Management believes that the group is comfortably capitalised and funded to withstand current hea
08 Mar 2016
Income trajectory seen as a primary challenge
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Income trajectory seen as a primary challenge
Standard Chartered PLC (STAN:LON) | 680 -4.1 (-0.1%) | Mkt Cap: 17,654m
- Published:
08 Mar 2016 -
Author:
David Grinsztajn -
Pages:
3
The second-half results were hit by significant restructuring charges largely driven by asset impairments aimed at accelerating the balance-sheet de-risking. However, the group managed to raise its capital position in line with its mid-term objective thanks to the capital increase, the lack of final dividend payment and the fact that some of the charges were already factored in regulatory equity. Management believes that the group is comfortably capitalised and funded to withstand current hea