Bloomberg TV Explains Background to Standard Chartered Bk Decision

Finance and Trade
30/03/2016 11:45

Bloomberg News TV is broadcasting an interview with reporter Joe Deaux in which he explains to viewers of the financial news service the background to reports last week that Standard Chartered Bank has decided to require diamond company clients to provide extra security on its loans. Diamond manufacturers, particularly in India, will be the hardest hit by the decision by the bank to curb lending. Dwindling demand and a credit crunch have hit the industry hard, says Deaux, along with falling demand from China.