Standard Chartered shares dropped this morning as the company revealed that its profits before tax had dropped sharply.
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.
The pay deals handed to the bosses of Britain’s biggest banks will be in focus this week when they report their results for 2015, at a time when bank shares have been hit by fears of renewed financial crisis.
If you had to pick the moment when European banking reached the point of no return, which would you choose?
As fears grow over the stability of the European banking system, Standard Chartered is being hit by a double whammy in credit markets with investors increasingly worried about the lender’s business in Asia, where it earns most of its revenue.
Growing anxiety about whether banks can withstand continued low interest rates and fears of a re-run of the 2008 financial crisis continued to stalk markets when shares fell to a three-year low and bank shares remained volatile.
The second-in-command at Standard Chartered stands to receive a pension worth almost £500,000 a year when he leaves the emerging markets-focused bank at the end of 2016.
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.
May attract takeover offers should it struggle to turn itself around.
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.
Standard Chartered, struggling to recoup a $1bn loan extended to one of Indonesia's richest men, has hit fresh trouble after a Jakarta court excluded it from a key creditor list and raised doubts over the validity of the underlying deal.
Standard Chartered is closing its office in Geneva, the global center of the commodity-trading industry, in Chief Executive Officer Bill Winters’s latest move to slash the lender’s exposure to the oil, gas and agricultural industries.
Standard Chartered is demanding more loan protection from clients in the Indian and Belgian diamond trade as the bank seeks to tighten standards, according to people with knowledge of the new policy.