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03

Standard Chartered’s Bad Loans Reveal Cracks in Asian Economies

By Tony Seruga

Slower growth is making it harder to pay back debt obligations
Rising leverage from India to Indonesia points to risks

As China’s growth sputters, the troubles at Standard Chartered Plc are another bad omen for what were once Asian economic darlings.

The bank, which generates most of its income in the region, had gambled on success inemerging markets such as India, which instead saddled the lender with delinquent loans. As a result, the company which opened its offices in Mumbai under Queen Victoria is now axing 15,000 jobs and is asking investors for $5.1 billion…

Standard Chartered’s Bad Loans Reveal Cracks in Asian Economies

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