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Standard Chartered is reportedly planning to permanently offer flexible work options to around 90 percent of its 85,000-strong staff by 2023. Some form of hybrid work arrangement will be made available to around half of its staff from early 2021 and the…
Standard Chartered is reportedly applying for a brokerage license in China, joining its peers in the wave of foreign entry into the mainland market. Mainland’s securities watchdog, the China Securities Regulatory Commission (CSRC), has accepted an application…
India’s regulator fined Standard Chartered one billion rupees over violation of foreign exchange rules during a takeover of a local bank in 2007. India’s anti-money laundering agency slapped one of the country’s largest fines on a foreign bank in history…
Standard Chartered in Asia has been rejigging its mix of employees in recent years with a focus on upping headcount in certain markets while increasing digital penetration in others. Since 2018, Standard Chartered has steadily increased its number of…
Standard Chartered’s profits plunge 33 percent in the first half as the pandemic forces the British lender to significantly up credit impairments by six-fold. Pre-tax profits fell to $1.63 billion in the first half compared to $2.41 billion in the first half…
Standard Chartered will kick off a fresh round of job cuts, joining rivals that have resumed reductions amid an economically crippling coronavirus pandemic. The London-headquartered lender will cut several hundred jobs globally, according to a report citing…
Standard Chartered defended its pro-environmental credentials after facing fresh attacks from activist group Urgewald. German environmental and human rights organization Urgewald called out Standard Chartered for being the largest British financier of coal…
Standard Chartered could face up to $600 million in bad loans after major borrowers faced a series of reported predicaments. Exposure to UAE healthcare chain NMC Health – currently restructuring $6.6 billion of debt – has further hit Standard Chartered’s…
HSBC and Standard Chartered were named by Hong Kong authorities as lenders which are welcome to relocate headquarters to the city where they derive the majority of profits. Last week, HSBC insisted that London would remain its home in the foreseeable future…
Recession fears drove the Bank of England to call the U.K.’s largest banks, including HSBC and Standard Chartered, to scrap dividends and share buybacks. Alongside Lloyds, Royal Bank of Scotland and Barclays, the two largest British lenders in Asia made…
Standard Chartered on Monday said it will set aside $1 billion to finance companies that are providing goods and services to tackle the Covid-19 outbreak. The lender plans to offer financing at preferential rates to firms that are manufacturers and…
Standard Chartered on Monday said it will set aside $1 billion to finance companies that are providing goods and services to tackle the Covid-19 outbreak. The lender plans to offer financing at preferential rates to firms that are manufacturers and…
Standard Chartered launches «nexus» – a new solution that will allow digital vendors to co-create loans, credit card and savings accounts with the bank under their own brand name. As e-commerce platforms elsewhere are also merging financial innovations,…
Standard Chartered on Thursday has pushed back its target return on tangible equity, despite posting a commendable increase in annual profits. The revenue growth came from its main markets. The lender posted a pretax profit of $3.71 billion for 2019, up from…
Standard Chartered on Thursday has pushed back its target return on tangible equity, despite posting a commendable increase in annual profits. The revenue growth came from its main markets. The lender posted a pretax profit of $3.71 billion for 2019, up from…
Standard Chartered hires a global head of trade in Singapore as its transaction banking business undergoes a tech-fueled transformation. Michael Spiegel joins in his new role reporting to Lisa Robins, global head of transaction banking at Standard Chartered.…
