Standard Chartered stock price falls 3.8% after JPMorgan flags Middle East exposure
Standard Chartered shares fell 3.76% to 1,598 pence in London after JPMorgan flagged the bank’s exposure to the Middle East conflict. The stock is down 11.4% since Feb. 28, outpacing broader European bank declines. Standard Chartered evacuated its Dubai office, while HSBC and Citigroup also closed branches in the region. The bank bought back 882,000 shares on March 11, spending $171.8 million under its repurchase plan.