Page 5 - Standard Chartered

Standard Chartered to cut 10% of corporate, institutional banking staff: Sources

The job cuts will be rolled out beginning this week across all the bank's major business centres

Standard Chartered chairman Sir John Peace favours internationalisation of rupee

His comments came at a time when masala bond has come up as an instruments to attract international investment

StanChart under regulators' scanner in Hong Kong

Standard Chartered said Hong Kong's securities regulator is investigating its role as a joint sponsor of an initial public offering (IPO) in 2009 and could take unspecified action against the British lender's Hong Kong unit. The disclosure of the probe on Tuesday by Standard Chartered comes days after Swiss bank UBS also said Hong Kong's Securities and Futures Commission (SFC) is investigating its role as sponsor of certain unnamed stock market listings in the city. In its earnings release, Standard Chartered said the SFC had informed the bank that it intended to take action against Standard Chartered Securities (Hong Kong) Ltd (SCSHK) in relation to its role on the IPO and that such action, if taken, may result in financial consequences for SCSHK. The British bank did not identify the IPO concerned.Standard Chartered's Hong Kong brokerage unit, previously called Cazenove Asia Ltd, acted in only two IPOs in 2009, the $216 million listing of timber company China Forestry Holdings Co Ltd

Standard Chartered to grow commercial banking biz by 10%

India remains a key market for Standard Chartered Bank, says Sanjeev Paul

StanC, Uber tie up to offer discounts

Foreign lender Standard Chartered Bank on Monday announced a tie-up with Uber under which its credit cardholders, across six countries, will get a cash- back of up to 25 per cent for hailing cabs from the app."We are confident that our customers will find value in this partnership as we continue to explore avenues to enhance our digitally enabled banking experience," Standard Chartered retail banking head Shyamal Saxena stated.In India, the cardholders will get a 20 per cent cash-back on all Uber rides, subject to a cashback cap of Rs 600 a month.

Standard Chartered increases stake in Redington

Private equity firm acquired 3.48 per cent shares in the company, taking up the total shareholding to 15.41 percent, worth over Rs 150 crore

Standard Chartered sees further cuts to bad loan provisions in China, India

A sharp spike in non-performing loans in China and India had weighed on the Asia-focused bank's balance sheet in the last few years

StanChart swings back to profit, shares rise 10 per cent

Its performance provided evidence that a sweeping restructuring under Chief Executive Bill Winters has begun to bear fruit

Standard Chartered finds diamonds no longer a bank's best friend

It will stop providing financing to parts of the diamond & jewellery industries as part of a review of its exposure to risky sectors

Standard Chartered 'investigating' banker expenses, personal loans

The investigation led to the departure of several bankers in Dubai in the past six months, including at least three managing directors

StanChart surges on surprise drop in impairments

Pretax adjusted profit fell 64 per cent to $539 million, from $1.5 billion a year earlier

Querying the Bill

StanChart reinforces case for simpler pay

StanChart India posts Rs 6,729-cr loss

Loan impairments, risk provisions jump eight times; bank sees more pain ahead

StanChart annual profit falls 84% on bad debts, plunging commodities

The bank said its underlying 2015 pretax profit was $800 million