Updated 8th January 2015 7:15pm : The wave of sensationalised headlines earlier today painted a bleak but incorrect picture for Standard Chartered equities business. The use of wordings like “all”, “worldwide” and “global” led to a misunderstanding among many, myself included. A more accurate description would be the closure of the “bulk” of their global equities business. Standchart clarified in a later statement that “its retail clients will not be affected from the bank’s closure of its institutional cash equities, equity research and equities capital market (ECM) business. The exit of the institutional equities part will not have an impact on the retail clients in terms of executing any trades in equities,” its spokesman said. Couldn’t get through the equities hotline earlier to verify the situation, thus the update only now. Staff clarified that the shutdown only impacts institutional equities unit but retail investors like you and me will not ......