A 'cost rationalization' to revive struggling bank.
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.
Goldman Sachs has hired Jose Abad to cover Spanish banks for its equity research team.
The bank's official statement.
Standard Chartered is said to have held discussions with bankers on raising at least $4bn as British regulators toughen scrutiny on lenders with exposure to emerging markets in a second round of stress tests, people with knowledge of the plan said.
Shedding businesses that have been a drag on the bank’s performance.
Barclays will become the focus of the bank reporting season this week amid speculation it is to appoint former investment banker Jes Staley as its new chief executive.
One in four senior management jobs.
Standard Chartered can cover the $4bn capital gap expected to be revealed by U.K. stress tests without raising new money from investors, as it can generate $6bn by streamlining its retail bank and ending partnerships with other financial institutions, Goldman Sachs said.
Credit Suisse has hired former Standard Chartered banker Richard Kao for its greater China corporate finance team, a source with direct knowledge of the matter told Reuters on Wednesday.
Thousands of jobs cuts, business closures and billions in capital raising are all on the cards as the new bosses of three of big banks respond to pressure to devise new strategies to revive them.
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.