MPs urge Liverpool FC to cut ties with Standard Chartered over support for Hong Kong security law July 31, 2022 MPs have urged Liverpool football club to break its sponsorship deal with Standard Chartered over the the bank’s past support for a draconian national security law in Hong Kong. In a letter to Billy Hogan, the football team’s CEO, MPs and peers from the All-Party Parliamentary Group on Hong Kong highlighted that following mounting authoritarianism [...]
Standard Chartered announces fresh £410m share buyback programme on profit surge July 29, 2022 Asia-focused British bank Standard Chartered today announced a fresh $500m (£410m) share buyback programme. Higher interest rates boosted the lender’s bottom line, with pre-profits climbing eight per cent to $2.77bn (£2.3bn) in the six months to June. In the second quarter alone, profits surged 12 per cent to $1.3bn (£1.1bn), above analysts’ expectations, sending its [...]
Standard Chartered wrestles with inflation as it eyes metaverse profits April 28, 2022 Standard Chartered has continued to wrestle with rising inflation, which is expected to hit double digits by the end of this year. The British bank’s income inched some nine per cent higher $4.3bn in the first quarter of this year, while return on tangible equity of jumped a little over 11 per cent. Chief executive Bill [...]
Standard Chartered unveils share buy-back and ramps up bonuses as profits rebound February 17, 2022 International banking group Standard Chartered reported a rebound in profits to $3.9bn today and announced a $750m share buy-back as it begins to recover from a pandemic slump.
Markets: Standard Chartered, Flutter and miners put FTSE 100 in a hole November 2, 2021 The FTSE 100 is down this morning, weighed on by Paddy Power owner Flutter and Asia-focussed bank StanChart. The blue-chip FTSE 100 index eased 0.5 per cent after closing at fresh February 2020 highs yesterday, while the UK-centric mid-cap index slipped 0.2 per cent. Miners BHP, Rio Tinto and Anglo American were among the worst performers on [...]
Standard Chartered pre-tax profits rise 44 per cent November 2, 2021 Standard Chartered pre-tax profits have risen 44 per cent, according to the latest quarterly results announced today. Profit before tax at the British bank rose to $1.08bn, surpassing previous expectations but the bank warned investors to expect an “uneven” economic recovery and its outlook for earnings growth for 2021 remained flat. Chief executive at Standard [...]
Standard Chartered profits surge as loan-loss provisions fall sharply August 3, 2021 Standard Chartered posted a better-than-expected 57 per cent jump in first-half pre-tax profits as it followed fellow banking giants in releasing a wave of capital set aside in anticipation of a surge in Covid-related customer defaults. Pre-tax profit for Standard Chartered, which has a strong presence in Asia, Africa and the Middle East, rose to [...]
UK banks’ profits slashed by more than half June 28, 2021 Big UK banks’ profits have slid by more than half over the last year, according to a ranking of the world’s largest lenders published today. UK lenders included in The Banker’s top 1,000 World Banks 2021 experienced a 53 per cent drop in profits. Losses were attributed to the severe damage the pandemic has inflicted [...]
Hong Kong races ahead of London and New York in bid to get bankers back in the office June 21, 2021 Hong Kong races ahead of London and New York in bid to get bankers back in the office
Standard Chartered to face shareholder action over climate change policies May 10, 2021 Shareholders are set to eye Standard Chartered bank’s climate policies, according to environmental organisation Market Forces, revealing it has pumped $31.4bn into fossil fuels since the Paris Agreement. The scrutiny comes as the bank confirmed its participation in a $400m five year loan for global coal giant Adaro Indonesia, as part of a syndicate of [...]