seeping

http://www.zerohedge.com/news/2016-02-23/standard-chartered-posts-horrendous-results-impairments-soar-87

India matters

Standard posted an annual net loss for the first time in more than 25 years with pre-tax red ink totaling $1.5 billion.

Impairments skyrocketed by 87% to more than $4 billion primarily due (again) to the Corporate & Institutional Clients and Commercial Clients business. "We have reviewed the portfolio extensively through 2015 and have increased provisioning, largely to reflect lower commodity prices as well as further deterioration in India," the bank said.