{"id":1926633,"date":"2023-05-08T13:11:52","date_gmt":"2023-05-08T17:11:52","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/standard-chartered-ceo-says-big-u-s-recession-unlikely\/"},"modified":"2023-05-08T13:15:05","modified_gmt":"2023-05-08T17:15:05","slug":"standard-chartered-ceo-says-big-u-s-recession-unlikely","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/standard-chartered-ceo-says-big-u-s-recession-unlikely\/","title":{"rendered":"Standard Chartered CEO doubts major U.S. recession."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fstandard-chartered-ceo-says-big-u-s-recession-unlikely%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1926633&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Standard Chartered CEO: Big Recession in US Unlikely, Negative Growth Possible<\/h2>\n<p>Standard Chartered Chief Executive Bill Winters said on Monday he sees a big recession in the United States as unlikely, although a period of negative growth was possible. \u201cI think it\u2019s less the question of a massive decline in the U.S. \u2013 I think that\u2019s very, very unlikely,\u201d Winters said at conference in Dubai, adding the economy was \u201cextremely strong\u201d.<\/p>\n<h3>Super Strong Capital Position and Liquidity Position<\/h3>\n<p>He said Standard Chartered\u2019s credit committee is \u201cnot tighter at all\u201d after the collapse of three regional U.S. banks. \u201cWe were a net receiver of deposits during this period of global angst and we\u2019ve got a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/standard-chartered-ceo-says-big-u-s-recession-unlikely\/\" title=\"Standard Chartered CEO doubts major U.S. recession.\">super strong capital position<\/a> and a very <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/australia-closely-monitoring-global-financial-turmoil-treasurer\/\" title=\"Australia \u2018closely monitoring\u2019 global financial turmoil -treasurer\">strong liquidity position<\/a>,\u201d he said, although the bank needs to keep an eye on how regulation changes.<\/p>\n<h3>Confident in Independence<\/h3>\n<p>Asked if Standard Chartered\u2019s biggest shareholder would stick by it if another Gulf lender \u201ccame after\u201d it, Winters said: \u201cWe have all the capacity and resources we need to keep on growing and keep on living an independent life.\u201d \u201cIf somebody wants to come in and talk to us about how they can make us better \u2026 yeah, be my guest, we can always have a conversation. We have that responsibility to our shareholders. But I\u2019m very, very confident that we can deliver this package all by ourselves,\u201d he added.<\/p>\n<h3>Interest Rates<\/h3>\n<p>On interest rates, Winters said \u201cI don\u2019t know\u201d when asked about the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/uk-may-ease-ccp-virus-lockdown-from-march-foreign-secretary-says\/\" title=\"UK May Ease CCP Virus Lockdown From March, Foreign Secretary Says\">worst-case scenario<\/a>, but added that his bank was focused on 5.25% \u201cfor now and for a while.\u201d<\/p>\n<ul>\n<li>Chinese automaker BYD Co. plans to expand into electric vehicles manufacturing and assembly in Vietnam<\/li>\n<li>Cryptocurrency exchange Binance halted bitcoin withdrawals for several hours on Monday<\/li>\n<li>Chip designer Qualcomm Inc said on Monday it would buy Israel\u2019s Autotalks Ltd that makes chips used in technology aimed<\/li>\n<li>Alibaba\u2019s logistics arm aims to raise up to $2 billion via a listing<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>By Yousef Saba DUBAI (Reuters) \u2013 Standard Chartered Chief Executive Bill Winters said on Monday he sees a big recession in the United States as unlikely, although a period of negative growth was possible. Advertisement \u201cI think it\u2019s less the question of a massive decline in the U.S. \u2013 I think that\u2019s very, very unlikely,\u201d<\/p>\n","protected":false},"author":66,"featured_media":1926634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[3850,22791,7565,3752,10069,5424,7238],"class_list":["post-1926633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-ceo","tag-chartered","tag-doubts","tag-major","tag-recession","tag-standard","tag-u-s"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1926633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1926633"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1926633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1926634"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1926633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1926633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1926633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}