Tempus: lower the standard and get off this ship

Six years ago it would have been hard to design a bank better suited to weather the financial crisis than Standard Chartered.

About its only link to the west were its London headquarters and a UK listing, while its extensive footprint in the booming east ensured that it became a favourite with investors in the aftermath of the crash as funds looked to escape banks mired in bad debts and litigation.

On the second anniversary of the crisis, in 2010, Standard Chartered shares were trading around £19, having staged the strongest post-crisis rebound of any British lender. Since then, the story is not such a happy one.

As developed markets have recovered, so more questions have been asked about the strength of the developing