LONDON (Reuters) – Standard Chartered said on Thursday its trade-focused business was well positioned to cope with disruption from U.S. President Donald Trump’s global tariffs.
“Whilst an escalating trade war would impact global growth and our markets, we believe our network is a key, distinctive and strategic advantage for Standard Chartered,” Chief Executive Bill Winters said in a statement released in conjunction with the bank’s annual shareholder meeting in London.
The bank’s network is not overly reliant on any single bi-lateral trade relationship and only seven corridors generate network income greater than $100 million per annum, Winters said.
(Reporting By Lawrence White; Editing by Bernadette Baum)
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