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‘Too Many to Fail’ May Replace ‘Too Big to Fail,’ Sands Says

Jan. 27 (Bloomberg) -- Standard Chartered Plc Chief Executive Officer Peter Sands said the threat of banks being “too many to fail” may replace the risk of them being “too big to fail.”

The world needs big banks, he said at a Bloomberg Television debate at the World Economic Forum in Davos, Switzerland today.

Link to Company News:{STAN LN <Equity> CN <GO>}

To contact the reporter on this story: Liam Vaughan in London at lvaughan6@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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