News Snapshot:
Standard Chartered CEO Bill Winters said he was "optimistic" the bank could avoid any hazards from the increasingly frosty relations between Beijing and Washington as the emerging markets-focused lender and its closest competitors wager on future growth in China. The bank, which is based in London but generates much of its revenue in Asia, has better access and more licences in China now than it has ever had before, as Beijing further opens up its domestic financial markets to foreign lenders, insurers and asset managers, Winters said. The intensifying rivalry between the world's two biggest economies, however, "presents more things...
