rumour mill4 Feb 2014 16:43
From the article linked below :-
3) The rumour mill could be wrong
Ugly rumours abound about Standard Chartered. Some say it is sitting on a barrel-load of toxic loans, others suspect it is heading for a rights issue. The unexplained departure of finance director Richard Meddings has added to the uncertainty. So far, these remain ugly rumours. Management insists the bank’s balance sheet is “highly liquid, conservative, and well diversified by product, by industry and by geography”. If management is telling the truth, Standard Chartered should muddle through its current worries, and you’ll be glad you dived in at this dangerous moment.
http://www.fool.co.uk/investing/2014/02/04/5-ways-standard-chartered-plc-could-make-you-rich/
well in my opinion, if management makes the effort to respond and address towards rumours, for such a highly publicised & established bank, it seems more than likely to me that the rumours are just that - rumours. with growth rates at double digits for quite a few countries in emerging markets except that one time hit from korea, the market is surely overpunishing STAN's share price.