The bigger issue now for CEO Bill Winters is where to find growth. While the CEO has cleaned up the bad-loan morass he inherited in June 2015, a lack of growth prospects persists. StanChart shares have dropped almost 40 percent under the former JPMorgan Chase & Co. banker’s tenure, lagging DBS and HSBC Holdings Plc. A successful move into digital banking has helped to buoy DBS, and that points the way forward for its Temasek stablemate. Meanwhile, StanChart’s (sensible) decision to exit stock underwriting, trading and research in 2015 means it’s not the go-to bank for Chinese small and medium-sized enterprises.

Source: Washington Post February 26, 2019 09:45 UTC