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Standard Chartered hit by double whammy

Standard Chartered Shanghai Towers

As fears grow over the stability of the European banking system, Standard Chartered is being hit by a double whammy in credit markets with investors increasingly worried about the lender’s business in Asia, where it earns most of its revenue.

S&P to hold fire on US credit downgrade-for now

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The U.S. debt ceiling debate is unlikely to change Standard & Poor's AA+ U.S. sovereign rating, the credit ratings agency said Monday, lowering the probability of a repeat performance of the 2011 downgrade drama that paralyzed markets.

BlueCrest hires 3 credit traders

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BlueCrest Capital Management, the $36bn hedge-fund firm run by Michael Platt, hired three credit traders as Wall Street’s biggest banks pull back from riskier businesses.

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Standard Chartered Shanghai Towers

Standard Chartered hit by double whammy

As fears grow over the stability of the European banking system, Standard Chartered is being hit by a double whammy in credit markets with investors increasingly worried about the lender’s business in Asia, where it earns most of its revenue.