StanChart cautious on tariff impact after strong first quarter

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HONG KONG/SYDNEY: Standard Chartered said on Friday uncertainty created by the impact of trade tariffs boosted its clients' activity in the first quarter but warned that major deals could be put on hold if the trade tensions persisted.

"Obviously we remain watchful of longer term ...execution of more strategic deals in banking that might be delayed if uncertainty remains elevated," the CFO said, referring to client activity.

The bank flagged a challenging outlook for net interest income given the current interest rate environment and economic landscape.

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Category: EconomyBusiness

Markets: MalaysiaHong Kong

Topics: StanChart Banking /Business/Business News Tariffs Profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 19:11:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 551 words

Reading Time: 4 minutes read

Sentences: 24 lines

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Copyright Owner: © The Star

News ID: 28319875

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