[HIGHLIGHTS] Standard Chartered President rules out a deep recession for the US economy

Bill Winters, chief executive of Standard Chartered, said the U.S. economy is unlikely to suffer a deep recession.

Winters: "I think it's not about a huge downturn in the United States, I think that's not likely at all" He added that central banks need to "make sure that banks, which are in a sound position, have access to liquidity" First Abu Dhabi Bank, the UAE's largest bank, explored the possibility of an offer to acquire Standard Chartering.