Shares in focus: Can Standard Chartered find its form again?

Banking giant Standard Chartered has fallen out of favour with investors. Is it time to buy in? Phil Oakley investigates.

Buying the banking giant is a risky, contrarian play, says Phil Oakley.

Not so long ago Standard Chartered was seen as the bank to own by many professional investors. Unlike its London-listed peers, such as RBS and Lloyds, it had not borrowed too much money to make too many bad loans, and didn't need to be bailed out by taxpayers.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.