Standard Chartered Shares Fall on Profit Miss

The video discusses Standard Chartered's financial performance, highlighting a significant decline in profits and revenue, with a record $4 billion in bad loan expenses. The bank faces challenges in its core markets of Asia, the Middle East, and Africa due to low global trade and investment. The private equity division posted a $30 million loss, raising concerns about future prospects. The bank is considering selling this unit to reduce risk. Standard Chartered is also competing with Credit Suisse in private banking and wealth management, aiming to focus on different market segments.

What challenges did the bank face in its core markets?

What is the current status of the decision regarding the private equity unit?