New York state's banking regulator has intensified an investigation into Promontory Financial Group, a global consulting firm, over its work for Standard Chartered, according to a person familiar with the matter.
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.
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HSBC and Standard Chartered – two of the UK’s biggest international banks – will pay more than £1bn less tax a year as a result of the summer budget, according to estimates from City analysts.
Deutsche Bank’s global head of mergers and acquisitions, Henrik Aslaksen, is leaving the bank, according to people with knowledge of the matter.
The Board of Directors of Standard Chartered have announced the appointment of Naguib Kheraj as Senior Independent Director effective from 16 June 2015.
Julius Baer of Switzerland became the latest bank to start an internal probe of money transfers linked to an investigation of FIFA, world soccer’s ruling body.
Standard Chartered has promised its new boss Bill Winters up to £6.5m in shares to cover any losses he may incur in quitting the hedge fund he was previously running.
Standard Chartered CEO Bill Winters, on his first day in the job, pledged to eliminate 'waste and excess' at the bank, while boosting capital.
Peter Heidinger, the former Standard Chartered banker who was scheduled to join Mitsubishi UFJ Financial Group, is instead taking a senior position with Bank of Nova Scotia.
The cost of compensating customers, paying fines and legal bills for the world’s biggest banks has increased to £200bn, according to research to be published on Monday.
Standard Chartered will keep its headquarters in the UK, new chief executive Bill Winters said, as he praised the bank tax changes in last month's emergency Budget.
The new boss of Standard Chartered has halved its dividend and attempted to quash speculation that the emerging markets focused bank is to move its headquarters out of London.
Bill Winters will probably bring little cheer to investors when he reports his first earnings since taking the helm of Standard Chartered, with analysts forecasting a capital gap of as much as $10bn.