No wonder they delayed release of the results...
Analysis coming up on my blog

Bonds issues....watch this happening with other bank with huge bond holdings.

With interbank rate at 30% those who have ears listened..

The mother company is Asia focussed. They had released their results on August 3rd. Pre-tax profits for the first six
months of the year were $3.6bn (£2.2bn), up 17% from last year. Operating profits by region rose in all territories except Standard Chartered's biggest market, India, which fell 39%, and Africa, down 6%. http://bbc.co.uk/news/business-14384197

My Analysis


This set of financial results were outdone by the revaluations of their bond portfolio, interest rates have been on the surge of late, in fact at today’s auction yields on 182 Day T-bills edged up to 10.35%, while the yields on the 30 year Treasury bonds which carries a 12% coupon rate edged up 16.3%, rates on the 5 Year treasury bond which carry a coupon rate of 6.67% edged up to 13.887%, look at the yield curve for August below, one can clearly see its not business as usual, a normal curve should be slopping, anybody selling their bond holdings carrying coupon rates of 6.67% or there about will incur huge losses.

Read more here http://www.contrarianinv...hard-by-toxic-bonds.html