financetom
Business
financetom
/
Business
/
StanChart says its trade business resilient to Trump tariff disruption
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
StanChart says its trade business resilient to Trump tariff disruption
May 26, 2025 3:54 AM

LONDON (Reuters) - Standard Chartered ( SCBFF ) on Thursday sought to reassure investors that its business can cope with disruption to global trade after pressure on the trade-focused bank's share price following U.S. President Donald Trump's tariffs announcements.

"Whilst an escalating trade war would impact global growth and our markets, we believe our network is a key, distinctive and strategic advantage for Standard Chartered ( SCBFF )," Chief Executive Bill Winters said in a statement released in conjunction with the bank's annual shareholder meeting.

The bank's network is not overly reliant on any single bilateral trade relationship and only seven trade routes generate network income greater than $100 million per annum, Winters said.

Last week the bank, which is headquartered in London, cautioned that its lending income and dealmaking fees could shrink because of the potential impact of U.S. President Donald Trump's tariffs on its business.

With a strategy to support big international companies as they expand and trade across Asia, Africa and the Middle East, StanChart is more exposed than rival domestically-focused British banks to global trade disruption.

The annual investor gathering took place as the U.S. and Britain prepared to announce a deal to lower tariffs on some goods later on Thursday, the first such agreement since President Trump announced sweeping levies on April 2.

StanChart shares rose nearly 40% in the last year as the bank benefited from lending income boosted by higher interest rates, as well as some success in efforts to boost its fee-based income from services such as wealth management.

The bank's share price has yet to fully recover however from a 23% decline in the days following President Trump's tariff announcements, trading on Thursday at 1059 pence compared with 1154 pence before April 2.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
White House in crypto policy report calls for SEC action, new legislation
White House in crypto policy report calls for SEC action, new legislation
Jul 30, 2025
* Trump's report urges Congress to enhance crypto legislation * Regulators encouraged to create exemptions for digital assets * Trump courted cash from crypto industry on campaign trail (Updates throughout with details and quotes from report, adds hyperlinks) By Hannah Lang July 30 (Reuters) - A cryptocurrency working group formed by President Donald Trump on Wednesday outlined the administration's stances...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
JLL Arranges $255 Million Refinancing for New High-Rise in New Jersey
JLL Arranges $255 Million Refinancing for New High-Rise in New Jersey
Jul 30, 2025
03:33 PM EDT, 07/30/2025 (MT Newswires) -- Jones Lang LaSalle's ( JLL ) Capital Markets group said Wednesday it has secured a $255 million,12-year fixed-rate refinancing for Journal Squared III, a newly built luxury high-rise in New Jersey. The financing was arranged on behalf of venture between Kushner Real Estate and National Real Estate Advisors, it said. Journal Squared III...
Exclusive-Shell-led LNG Canada faces problems as it ramps up production, sources say
Exclusive-Shell-led LNG Canada faces problems as it ramps up production, sources say
Jul 30, 2025
LONDON/HOUSTON/CALGARY (Reuters) -Shell-led LNG Canada is experiencing technical problems as it ramps up production at its liquefied natural gas plant at Kitimat, with one LNG tanker diverting away from the facility without the superchilled fuel in recent days, according to four sources and LSEG ship tracking data. The plant is the first major LNG export facility in Canada and the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved