standard-chartered-bank
BankingFirst Abu Dhabi Bank Could Renew $35 Billion Offer for StanChart -Bloomberg News
Top StoriesStanChart Weighing Options, Including Sale, of Aircraft Lessor Unit
BankingBanks Push FTSE 100 to Nine-Month Highs; Recession Worries Loom
Top StoriesStanChart Sees Asia, Middle East as Bright Spots in Weak Global Economy
StanChart Surprises With 40% Profit Jump, Ups Income Goal on Rising Rates
Date: October 26, 2022
By Anshuman Daga and Lawrence White SINGAPORE (Reuters) -Standard Chartered’s third-quarter profit surged 40% as higher interest rates boosted the emerging markets-focused bank’s income, giving it ammunition to upgrade its revenue outlook despite a weakening global economy. StanChart, which earns most of its revenue in Asia, raised its income growth forecast for this year to...
Standard Chartered Rolls Out Digital Bank in Hot Singapore Market
Date: September 1, 2022
SINGAPORE (Reuters) – Standard Chartered and FairPrice Group on Thursday rolled out their digital bank focusing on Singapore’s retail segment, a move that comes on the heels of digital bank launches by GXS Bank and China’s Ant Group in the affluent city-state. The companies unveiled Trust Bank – owned 60% by the London-headquartered lender and...
StanChart Cheers Investors With $500 Million Share Buyback, 19% Profit Jump
Date: July 29, 2022
By Anshuman Daga and Lawrence White SINGAPORE/LONDON (Reuters) -Standard Chartered’s first-half pre-tax profit rose 19% and beat market expectations, as the emerging markets-focused lender benefitted from rising interest rates and issued an upbeat post-COVID outlook, pushing its shares 3.7% higher. The strong performance unveiled on Friday showed how some banks with a focus on Asia...
Metro Bank Appoints ex-Standard Chartered Executive as CFO
Date: July 15, 2022
By Emma-Victoria Farr and Shanima A LONDON (Reuters) -British challenger lender Metro Bank said on Friday it has appointed former Standard Chartered executive James Hopkinson as chief financial officer, as the bank works on a turnaround plan towards profitability. Hopkinson will join Metro Bank effective September 5, coming from ClearBank where he was CFO since...
Sterling Falls to Fresh Two-Year Low on Leadership Race Concerns
Date: July 12, 2022
LONDON (Reuters) – The British pound slipped to a fresh two-year low on Tuesday thanks to a broad dollar rebound and as political uncertainty weighed on sentiment. Boris Johnson’s resignation as prime minister last week deepened the uncertainty hanging over the British economy, already under strain from an inflation rate heading for double digits, the...
StanChart CEO Sees Shallow and Short Recession by Early 2023
Date: June 8, 2022
By Divya Chowdhury MUMBAI (Reuters) – Standard Chartered Chief Executive Bill Winters expects central banks’ fight against surging inflation, driven by structural cost pressures such as wage growth, to result in a “relatively shallow and short” recession by early next year. “I think central banks have to take this inflation problem head on,” Winters told...