Could things go from bad to worse for Standard Chartered CEO ?

Standard Chartered Shanghai Towers

For Bill Winters, things could go from bad to worse.

Bloomberg News reports that the Standard Chartered CEO has tapped investors for $5.1bn, scrapped dividends and shed toxic assets since joining the bank in June.

On December 1, investors will find out if the bank has done enough to weather the latest round of stress tests, based on end-2014 data, as regulators step up scrutiny on exposure to emerging markets.

'The nightmare scenario would be if they fail and analysis indicates that they need more capital than they have raised', said Edward Firth, an analyst at Macquarie in London. 'It’s possible that they could fail based on historic figures, but the existing capital raise sorts it out'.

To access the complete Bloomberg News article hit the link below:

Standard Chartered Facing Highest Hurdles in BOE Stress Tests

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