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What is the true cost of the UK state pension?

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BUZZ-StanChart: its still winter

Reuters - UK Focus

** Standard Chartered (HKSE: 2888.HK - news) unable to hold on to their early gains and slip to day's lows

** Following news of boardroom shake-up shares opened 3.7 pct higher, partly on short-covering, before paring gains to last trade up less than 1 pct

** Heavy volumes with more than a $100 mln traded in first hour making it the top-traded UK stock

** StanChart (HKSE: 2888-OL.HK - news) says former JPMorgan investment bank boss Bill Winters will take over as CEO in June to replace embattled boss Peter Sands

** Bank's shares have lost about a quarter of their value since Peter Sands took charge as CEO. Chart: http://link.reuters.com/duq24w

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** They have, however, outperformed the broader UK banking index as well as the European banking index which are both down about 60 pct over the same period

** 9.7 pct of shares available to borrow currently out on loan, according to Markit (NasdaqGS: MRKT - news) , making StanChart the 5th most borrowed financial stock on the FTSE (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)