Word: londonized
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...side one rarely sees but that shouldn't be forgotten: misguided choices are often the result of personal traumas. It is an unfortunate but necessary irony that this humanity is then preyed on by interrogators to save innocent lives and bring more criminals to justice. Ahmed Khalil, LONDON...
...been with Standard Chartered. Though headquartered in London, most of StanChart's operations are centered in the emerging markets of Asia, the Middle East and Africa - and as a result, it has not only weathered the crisis but continued to prosper. Last year, during the height of the economic storm, the bank's pretax profits surged 19%, while assets increased 32% to $435 billion. This was no fluke: StanChart in early May said it achieved record profits in the first quarter of 2009, and its London-listed shares have doubled since March. Such a stellar performance during the worst recession...
...India, where StanChart has the largest branch network of any foreign bank. Its breadth across some of the region's fastest-growing economies gives it an enviable profile. StanChart "is one of the best-placed banks in the world," says Alex Potter, banking analyst at brokerage Collins Stewart in London. "It had high profits in its home markets and didn't need to chase high-risk products...
...predicts pretax profit growth will slow to 4% in 2009. Reflecting the heightened risk, Standard & Poor's in late April revised its outlook for the bank to negative. "The biggest single worry is the economies in the region," says Nick Hill, bank credit analyst at Standard & Poor's in London. "We think they've taken measures to pull in their horns, but it is a bit of a stretch to say they're immune from the environment." StanChart executives insist that their carefully managed loan portfolio can withstand the recession better than some expect. Though they did see a spurt...
USAGE: "The funemployed write blogs, issue regular updates on social-networking sites such as Facebook and Twitter and devote entire websites to helpful advice and encouragement on how to make the most of the U.S. government's $475 weekly dole check." --Times of London, June...