Standard Chartered reportedly facing $1.5bn Iran sanctions fine October 1, 2018 Standard Chartered is reportedly facing a fine of as much as $1.5bn (£1.15bn) from the US Department of Justice (DoJ) for violating sanctions on Iran. The British bank could face the penalty by the end of the year, although final discussions have not yet begun, Bloomberg reported. The investigation into Standard Chartered’s activities is focused [...]
Standard Chartered share price rises as investors warm to Winters August 5, 2015 Shares in Asia-focused bank Standard Chartered were up more than four per cent at 992p in lunchtime trade as new chief exec Bill Winters won over investors. The figures This came despite first half results showing adjusted pre-tax profit slumped 44 per cent to $1.82bn (£1.17bn) in the six months to the end of June. The bank also cut its dividend [...]
Standard Chartered share price rises as Bill Winters confirms management shakeup July 20, 2015 New chief executive Bill Winters has barely been at the helm of Standard Chartered a month, but he's already made his presence felt after the bank confirmed a shakeup of its management team this morning. Read more: Challenge set for Winters on day one at StanChart Shares in the bank rose one per cent to 1,027.3p [...]
Summer Budget 2015: Barclays, HSBC, RBS share prices rise as Osborne reveals levy will be ditched July 8, 2015 Banks share prices lifted this afternoon as George Obsorne confirmed the levy would be phased out over the next six years. In a move widely seen as looking to sway HSBC, Standard Chartered et al from leaving the UK, Osborne's first all-Tory Budget confirmed that the levy would be cut gradually until 2022. Instead [...]
Standard Chartered chief executive Bill Winters is shifting power abroad June 25, 2015 Standard Chartered's new chief executive Bill Winters is planning a structural shake-up of the bank, which includes handing over power to the bank's regional zones. Read more: Standard Chartered share price rises following appointment of Bill Winters as chief executive The London-listed bank operates in over 70 countries, but has some key regional hubs, [...]
Here’s new Standard Chartered chief executive Bill Winters, bare-chested, doing a falsetto June 10, 2015 Remember that video featuring five top City executives making total prats of themselves while stripping off and singing that appeared on YouTube last April? We just thought we'd bring it up again, partly because it was funny, but mainly because it features new Standard Chartered chief exec Bill Winters – who started his job today [...]
Challenge set for Bill Winters on day one at Standard Chartered as UK domicile remains “under review” June 9, 2015 HSBC’s plan of action to review the location of its headquarters puts pressure on Standard Chartered’s new boss Bill Winters as he takes up the role today. StanChart is domiciled in the UK but carries out almost all of its business overseas, specialising in emerging markets. As a result it is set to [...]
Standard Chartered warns compliance costs are mounting as it stays in the UK May 6, 2015 An increasing number of compliance staff are paid seven-figure salaries at Standard Chartered, the bank’s bosses told shareholders yesterday, as it battles to make sure it does not pay more mega-fines. The UK-based emerging markets specialist has been hit with fines for breaking US sanctions, and is increasingly beefing up its anti-money laundering teams. Chairman [...]
Standard Chartered profit dives 22 per cent in the first quarter April 28, 2015 British bank Standard Chartered has said that profit before tax fell by 22 per cent in the first quarter of 2015, as it quashed speculation that it could be eyeing a move east. Pre-tax profit fell to $1.47bn (£96.2) in the first three months of the year, largely due to the performance of its corporate and [...]
Standard Chartered: Crisis has made firms over-sensitive to emerging risks April 16, 2015 Investors and businesses have over-reacted to the financial crisis, placing too much weight on emerging risks and not enough on economic opportunities, analysts at Standard Chartered said yesterday. Firms could be missing out because they see all possible risks as having enormous potential, rather than addressing them even-handedly. “While there are clearly risks today, businesses [...]