Big hit for UK’s Standard Chatered Bank on Chinese business

Original Daily Express article

This is the first in a series of three blogs that I will be releasing in quick succession, on China and the problems of British banks there.

You can access the whole article beneath the Daily Express headline via this link:

Standard Chartered took two write-downs in Q3 2023.

Firstly a £596 million reduction […]

Spillover potential for the UK from rout in the China property market

Shanghai financial centre

China’s potential economic meltdown, with its £2.4trillion banking system under threat, has “definite spillover potential” for the UK, a banking expert has warned.

Consultant Bob Lyddon was speaking after the UK stock market slumped yesterday as a result of concerns about the Chinese economy.

London’s FTSE […]