Standard Chartered: Screening for AT1 Value, Post-Covid-19
We screen for value in StanLn’s AT1 curve, including the S$ bond, within a post-Covid-19 economic environment, and we determine StanLn’s capacity...
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Standard Chartered: Capital, Forbearance and CDS
Standard Chartered’s capital ratios remain above regulatory minimums even after adjusting for Covid-19 forbearance. Limited aid to SMEs and...
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Standard Chartered Credit Versus a Sovereign CDS Portfolio
We examine Standard Chartered as a diversified portfolio of sovereign CDS plus an element to represent non-sovereign risk. First, we decompose...
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Bank of America – Driven Entirely By Credit
BANK OF AMERICA: BAC's 4Q20 bottom-line of USD 5.2 bn increased 17.3% driven by a USD 1.3 bn reduction in provisions. NPLs increased 8.2%, as did...
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The Week That Was in ASEAN@Smartkarma - Thai Union, Bluebird Taxi, and Cement
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
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