The UK's Standard Chartered will focus on serving Latin American clients in segments requiring direct access to Asia, Africa and the Middle East, the bank's head of private banking in the Americas, John Leto, told BNamericas, saying he plans to double its private banking assets in the region in two years.
Banks in the United Kingdom and Europe risk their credit ratings being damaged because of “contagion” from Greece's debt crisis, a ratings agency has warned. Moody's said banking systems faced “very real, common threats” if doubts were raised about their governments' abilities to pay debts. It referred specifically to UK, Irish, Italian, Portuguese and Spanish banking systems.