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Standard Chartered CEO Predicts Looming Revenue Challenge

  • Bill Winters sees `episodes of real risk aversion' continuing
  • Bank was run with `looseness' before he joined, he says
Bloomberg business news

Standard Chartered CEO: I'm Concerned About a 'Brexit'

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Standard Chartered Plc Chief Executive Officer Bill Winters expects erratic swings in global markets to continue for at least the rest of this year, complicating his efforts to reinvigorate earnings and restore the Asia-focused lender’s dividend.

Reviving “depressed” revenue in the face of a sluggish economy and a slump in commodity prices is “the big challenge,” Winters said in a Bloomberg Television interview with Francine Lacqua, eight months into his tenure. The bank could resume dividends this year if the situation improves. But first, he’s waiting to see how the firm performs as emerging markets face headwinds, potentially rattling investors anew.