The logo of Standard Chartered bank is seen behind a Hong Kong flag (L) and a Chinese national flag in Hong Kong March 4, 2015. Standard Chartered ruled out plans to raise capital on Wednesday despite... more 
The logo of Standard Chartered bank is seen behind a Hong Kong flag (L) and a Chinese national flag in Hong Kong March 4, 2015. Standard Chartered ruled out plans to raise capital on Wednesday despite reporting a 25 percent slide in annual pretax profits on the back of soaring bad loans. The Asia-focused bank instead vowed to cut costs and shrink its loan book in an effort to quell lingering concerns of balance sheet weakness, underlining the challenge facing incoming Chief Executive Bill Winters. REUTERS/Bobby Yip (CHINA - Tags: BUSINESS LOGO POLITICS) less 
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Reuters | Photo By BOBBY YIP / REUTERS
Wed, Mar 4, 2015 4:46 AM EST