Standard Chartered has never distributed a Lehman-backed product, and continues to maintain its distribution business as well as its dialogue with the financial regulator. The desertion of structured products by other banks has left StanChart free to net a 45% share of the local structured products market in 2009.
Needless to say, it has not been an easy 12 months, even before the Lehman collapse. Competing banks took up the attractive funding rates on offer from the ailing bank, which meant Sta
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