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Investing.com -- Standard Chartered Plc’s chief executive officer Bill Winters said he sees no signs of stress in the bank’s portfolio as the company prepares to release its earnings later this week.
Speaking in an interview on Bloomberg Television in Riyadh, where he is attending Saudi Arabia’s Future Investment Initiative, Winters addressed recent corporate failures in the United States.
"These are probably one-offs, but the credit cycle is still alive," Winters said when asked about the collapse of US firms First Brands Group and Tricolor Holdings.
The CEO expressed optimism about current economic conditions, describing them as favorable for banking operations. "We’re in a sweet spot: interest rates are high enough to keep things moving, not so high as to stymie growth," he said.
Winters also noted that tariffs have had a neutral impact on Standard Chartered’s business operations. He projected continued positive performance, stating, "I’m very positive for the rest of this year and into next year," citing what he described as a robust credit environment and increasing trade activity.
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