Standard Chartered is in the bunker. Executives have been forced to defend their stewardship of the UK-listed bank in the face of fevered debate about a possible change in leadership. The stock has lost nearly 30% in value so far this year. Its price-to-book-value multiple is at its lowest in 20 years, even below levels reached during the depths of the financial crisis.

As tempting as that may be for bargain hunters, especially given the stock's chunky 5.4% dividend yield, Standard Chartered looks like a potential value trap.