Standard Chartered and Royal Bank of Scotland escaped having to raise additional capital in the Bank of England’s latest stress test, even though they fell short in some parts of the assessment.
With a banking heritage spanning more than 150 years, Standard Chartered has developed extensive global reach and a strong position in emerging markets and new trade corridors.
For Bill Winters, things could go from bad to worse.
Standard Chartered announced the appointment of Zarin Daruwala as CEO of Standard Chartered Bank, India, following the appointment of Sunil Kaushal as Regional CEO for Africa and the Middle East.
When India’s billionaire Ruia brothers went looking for loans to expand their steel-to-power empire around the turn of the decade, Standard Chartered stepped up.
Standard Chartered CEO Bill Winters bought $1.5m of shares in the bank, a week after seeking $5.1bn from investors and unveiling his revised strategy for the Asia-focused firm.
The Department of Justice has announced that Standard Chartered Bank (Switzerland) SA, en liquidation (SCB Switzerland), reached a resolution under the department’s Swiss Bank Program.
Standard Chartered cut 11 sales and trading jobs in Dubai, including four managing director roles, according to two people with knowledge of the matter.
A pair of Deutsche Bank healthcare investment bankers are leaving for JPMorgan a little more than a year after joining the bank, according to people familiar with the matter.
In play ?
Never believe a big bank that boasts that its culture is so different: its lending principles conservative, its business immune to the traditional banking vices of over-confidence, over-expansion and bad behaviour.
Standard Chartered deputy group chief executive Mike Rees will step down at the end of April, the bank announced Thursday.
In February 2015 Standard Chartered announced that Ms Ruth Markland and Mr Paul Skinner, CBE, two of our most long-standing independent non-executive directors would step down from the Board. They will step down with effect from 31 December 2015.
Standard Chartered has appointed Simon Cooper, 48, as CEO, Corporate and Institutional Banking (CIB). Simon will join the Group in April 2016. This appointment is subject to final regulatory approval.