| Fears around slumping commodities have whacked shares of Standard Chartered. But the U.K.-based and emerging-markets focused bank isn’t alone in lending to the world’s biggest metals, fuels and foods traders. Rivals such as HSBC and Royal Bank of Scotland have chunky loans to such firms as do big French banks, and MUFJ of Japan and Citigroup of the U.S., according to estimates from Bernstein analysts.
But what is critical is how big these exposures are compared with bank equity. Standard Chartered still stands out with loans to Trafigura that amount to 2.5% of the bank’s tangible net asset value, according to Bernstein, and loans to Glencore that amount to 1.3%...............................................Full Article: Source
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