ProverB wrote:Scubidu wrote:If you strip out revenues from bond trading and their core business income really aint all that. They're really going to have to step out of their niche markets and lend aggressively.
please note.. Richard Etemesi came to the helm with serious strategy of bond trading that turned fortunes for stanchart around and held it afloat for years..
As long as he's still the top honcho at stanchart you cannot not factor in bond trading.. safest almost risk free loan book segment they have.
Well I think the strategy will work for now...but they shouldn't rely on it too much...may be step out of their shell...try something new. It's just interesting to see how they're making their money and the bond portfolio seems to be the main driver.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden