Asia Sentinel

Asia Sentinel

StanChart Leaves Investors Out in the Cold

Philip Bowring's avatar
Philip Bowring
Feb 12, 2008
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Asian investors who thought they could trust Standard Chartered, the venerable old British bank that has been around Asia for a century and a half, are whistling in the wind for their money.

The group, now 19 percent owned by the Singapore government through Temasek Holdings, is walking away from its US$7.2 billion structured investment vehicle (SIV), ap…

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