Standard Chartered Banks begins pre-marketing for listing

Syndicate bankers believe it makes sense to continue canvassing investor opinion in the hope that global equity markets will recover ahead of the launch of formal roadshows. At the same time, however, a number believe that the deal is unlikely to proceed to the next stage since the threat of a global recession will have a greater impact on the ratios of a bank targeted at the emerging markets like Standard Chartered than many of its nearest comparables in the UK.