Standard Chartered

The return of value?

The share price of Standard Chartered plummeted this morning after the bank announced a 16% drop in operating profit in the third quarter.

Standard Chartered has been hit with yet another multi-million dollar fine, after it agreed to pay $300m (£180m) to New York's top banking regulator for failing to improve money laundering controls.

With the banking sector reporting mixed first quarter results, which groups are still worth holding on to?

A mixed year for equity markets nonetheless ended on a high, with the FTSE 100 up over 12% year to date and the FTSE All Share 15% ahead, but which stocks thrived and which dived in 2013?

Standard Chartered saw its stock price plummet 7% during trading today after warning of its first fall in operating profits for a decade.

Despite the slowdown in Asian growth this year, the banking sector remains in rude health, according to Aberdeen Asset Management's Hugh Young.

Buyers fear increased stock-specific risk as active EM funds run high weightings to developed markets.

LEHMANS SPECIAL

The five major UK banks all recorded a profit in the first half of the year for the first time since 2010, a report has found.