Standard Chartered PLC (STAN.L)
22 Mar 2019
March 14 Standard Chartered Private Bank on Thursday appointed Ali Hammad as the market head of private banking in Middle East and North Africa.
HONG KONG, March 13 Standard Chartered PLC has seen the departure of at least four senior Asia-based bankers from its private banking unit in recent months, three people with direct knowledge of the matter said, amid growing earnings pressure at the business.
LONDON Standard Chartered is targeting more trade-focused business from Chinese companies by hiring around 15 bankers worldwide, a source familiar with the plans told Reuters.
HONG KONG/LONDON Standard Chartered PLC has unveiled plans to double returns and dividends in three years by cutting $700 million in costs and boosting income, even though the bank missed its previous targets in tough market conditions. | Video
* Bank failed to hit previous profitability goals (Recasts, adds investor comment, updates share reaction)
HONG KONG/LONDON, Feb 26 Standard Chartered PLC on Tuesday posted a 5.5 percent rise in 2018 pre-tax profit, missing market expectations, pulled down by $900 million in provisions set aside to cover any impact from regulatory investigations in the United States and Britain.
Standard Chartered PLC (StanChart) has set aside $900 million to cover fines resulting from regulatory investigations in the United States and Britain, potentially drawing a line under probes which have dogged the bank for years. | Video
* Provision also for potential resolution of U.S. investigations
Feb 21 Standard Chartered Plc said on Wednesday Britain's financial watchdog had imposed a fine of 102.2 million pounds ($133.34 million) in relation to its investigation into the bank's historical financial crime controls.
HONG KONG Citigroup expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank's country chief said, despite the world's second-largest economy slowing and feeling the pain of a trade war.