StanChart says its trade network is resilient to Trump tariff disruption

Reuters

Thu, May 8, 2025, 3:17 AM 1 min read

LONDON (Reuters) - Standard Chartered said connected Thursday its trade-focused concern was good positioned to header with disruption from U.S. President Donald Trump's planetary tariffs.

"Whilst an escalating commercialized warfare would interaction planetary maturation and our markets, we judge our web is simply a key, distinctive and strategical vantage for Standard Chartered," Chief Executive Bill Winters said successful a connection released successful conjunction with the bank's yearly shareholder gathering successful London.

The bank's web is not overly reliant connected immoderate azygous bi-lateral commercialized narration and lone 7 corridors make web income greater than $100 cardinal per annum, Winters said.

(Reporting By Lawrence White; Editing by Bernadette Baum)