Standard Chartered

Fund managers have identified a buying opportunity for Lloyds Banking Group shares, following Chancellor George Osborne's announcement the government will start selling off its 39% stake in the bank.

Anthony Cross and Julian Fosh have made rare additions to their Liontrust portfolios, and Standard Life Investments' Ed Legget has bought a raft of new stocks as the shape of the UK market begins to change.

Concerns raised by ratings agencies, analysts and hedge funds have pushed bank shares lower this morning as the FTSE 100 snaps seven straight days of gains.

Chris Bowie has taken bank exposure to its lowest ever level in his £285m Ignis Corporate Bond fund amid growing fears bondholders will be wiped out if there is another crisis.

The UK's five major banks could see their profits take a significant hit in 2012 as regulatory pressures and a series of recent scandals take their toll, according to KPMG.

HSBC and Standard Chartered have agreed record settlements over money laundering allegations as the former agrees to pay $1.9bn to US regulators.

UK-listed Standard Chartered has said it is close to agreeing a further $330m charge with US regulators to settle accusations it failed to comply with sanctions against Iran.

INCOME

Standard Chartered's second largest shareholder, Aberdeen Asset Management, has taken advantage of share price weakness to increase its stake in the lender across its fund and investment trust ranges.

The managers of the £4.4bn Artemis Income fund bought into Standard Chartered last month, but the bank's leading shareholder is reportedly looking to offload its stake.