Standard Chartered CFO: No Communication With First Abu Dhabi Bank

The transcript discusses the financial performance of a bank, highlighting a 15% growth in both top and bottom lines, the highest since 2014. The bank's strategy includes a $5 billion buyback plan over three years, with $2.8 billion already returned to shareholders. Speculation about a potential FAAB bid is addressed, with no contact from FAAB. The bank focuses on improving business performance, with strong growth in China, Vietnam, the US, and Singapore. Credit impairments are discussed, particularly in China, but the bank remains confident in its regional exposure. Geopolitical tensions are acknowledged, but the bank remains committed to its global strategy. The outlook on interest rates suggests a nearing peak, with hopes for economic growth and reduced recession fears.

What is the management's perspective on geopolitical tensions affecting their operations?

How does the management assess the performance of their business in China despite challenges?

What are the management's expectations regarding US rates and economic growth?