You are here: Home » Reuters » News
Business Standard

Interview: StanChart factors planned U.S. trade tariffs into lending

Reuters  |  LONDON 

By Emma Rumney and Lawrence WhiteLONDON (Reuters) - U.S. President Donald Trump's proposed trade tariffs are already influencing lending decisions by Britain's Standard Chartered and could have an impact on its profitability, its Chief Financial Officer told Reuters. The Asia, Africa and Middle East-focused bank has been taking into consideration the effect Trump's plan to hike duties on steel to 25 percent and on aluminium to 10 percent could have on loans to sectors that might be hit, Andy Halford said."I think it would be remiss of us not to be factoring it into lending decisions. But what ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, March 08 2018. 16:13 IST
RECOMMENDED FOR YOU