Carson Block Says He’s Shorting Standard Chartered Debt
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Carson Block, the short seller who runs Muddy Waters LLC, said he’s betting against the debt of Standard Chartered Bank Plc, the U.K. bank that earns most of its profit in Asia, because of the “deteriorating” quality of the loans it has made.
“We think the market misunderstands the amount of risk that’s presently in the book,” Block said at the SkyBridge Alternatives Conference in Las Vegas today.