Stock is down 7.4% as I am typing.. I believe it would continue to head downwards, as this would be lengthy and involve a huge cost to SCB, and potentially exit from US (very, very small chance).
**Currently it is trading in London close to 24% down from previous close.
For a company with a market cap of roughly 35billion and being down 25% is a whopping 8.75 billion, I do not think there is much more downside, given their exposure to US is probably like 20% of their business. Probably they get fine a couple billion dollars. Do not see it going down much further today. Probably rebound when more information comes to light. However as in any fraud cases, you'll never know the stupidity of some people.
Staying away from this one for now. Speculative bet would be to buy.
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