standard-chartered-bank
BusinessStandard Chartered Mulls Sale of Wealth, Retail Operations in Africa
Top StoriesStanChart Makes Three Executive Changes in Europe, Asia Transaction Banking Business
Top StoriesStandard Chartered Boosts Private Bank Team With 14 New Hires
Top StoriesFTSE 100 Boosted by Strong Earnings From Shell, StanChart
Standard Chartered Lowers Vietnam 2024 Growth Forecast to 6.0%
Date: April 24, 2024
Standard Chartered lowers Vietnam 2024 growth forecast to 6.0% HANOI (Reuters) – Standard Chartered has cut its forecast for Vietnam’s economic growth this year to 6.0% from 6.7%, the bank said on Wednesday, citing lower-than-expected growth in the first quarter and global trade headwinds. “Trade, a key source of growth and investment for Vietnam, also...
StanChart Lowers Income Target, Launches $1 Billion Share Buyback as Profit Jumps 18%
Date: February 23, 2024
StanChart lowers income target, launches $1 billion share buyback as profit jumps 18% By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered PLC on Friday rewarded shareholders with dividends and a fresh $1 billion buyback as profit rose 18%, but set out underwhelming growth forecasts that will concern investors amid worries about global...
StanChart CFO Halford to Retire, Hires Former BofA Senior Banker
Date: August 31, 2023
StanChart CFO Halford to retire, hires former BofA senior banker (Reuters) -Standard Chartered said on Thursday Andy Halford has decided to retire as chief financial officer, with former Bank of America senior banker Diego De Giorgi set to replace him. De Giorgi, who was most recently co-chief executive of special purpose acquisition company Pegasus Europe,...
StanChart to Sell sub-Saharan Africa Business to Access Bank
Date: July 14, 2023
StanChart to sell sub-Saharan Africa business to Access Bank DUBAI (Reuters) – Standard Chartered said on Friday it has reached an agreement to sell its subsidiaries in sub-Saharan Africa to Nigeria’s Access Bank, putting into motion a plan announced last year to divest those businesses. Standard Chartered will sell its shareholding in its subsidiaries in...
StanChart CEO Says AT1 Bond Wipeout Has Profound Impact
Date: March 24, 2023
By Selena Li HONG KONG (Reuters) -Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse AG’s $17 billion Additional Tier 1 bonds wipeout had “profound” implications for global bank regulations. Winters told a financial forum in Hong Kong the U.S. Federal Reserve move to guarantee non-insured deposits was a “moral hazard”. As part...
First Abu Dhabi Bank Reiterates Not Eyeing Offer for Standard Chartered
Date: February 10, 2023
SINGAPORE (Reuters) – First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, said on Friday it was not currently evaluating an offer for Britain’s Standard Chartered, the second time it has quashed reports of an imminent bid. News of the potential offer first came on Jan. 5, when FAB said it had considered...