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.
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.
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.
For a former boxer, HSBC boss Stuart Gulliver does seem to have a lot of trouble hitting targets.
Standard Chartered's incoming CEO Bill Winters is expected to raise capital and cut the bank's dividend later this year, potentially forced to act by a tough stress test of its Asian loans, investors and analysts said.
Standard Chartered, scaling back after two years of lower profit amid slower growth in Asia, is looking to sell part of its remaining private-equity investments, said three people with knowledge of the matter.
The chairman of Standard Chartered has said the bank will review its involvement in a controversial Australian coal mine that critics say threatens the Great Barrier Reef and will blow a hole in the global carbon budget.
Barclays is on track to make money from its cash-equity broking unit in the Asia-Pacific region by 2016, seven years after it started the business.
So much for Katherine the Great.
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.
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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.