Some banks do, and some banks don't. It is never easy to create a picture of who is doing what and where in the world of structured products, but a lot more are doing a lot more than you might imagine, while others nibble around in varied parts of this world, either recovering from destroyed empires or building slowly in new ventures. Standard Chartered may be the example of all of the vagaries. Locked in a world of almost domestic banking, where the interest has always been in trade in a relat

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