Standard Chartered is set to report its 10th successive record annual profit on Tuesday after strong growth in its core Asian markets offset a big fine for breaking sanctions on Iran.
HSBC and Standard Chartered will report a reduction in their bonus pools, reflecting separate settlements with US authorities over probes into money laundering and sanctions violations, Sky News reported on Sunday.
The debt crisis in Europe and new capital requirements has forced many European banks to trim lending to Asia. But, UK-based Standard Chartered`s Group CEO, Peter Sands, says it will use this deleveraging as an opportunity to expand its market share in Asia.
Asia-focused bank Standard Chartered is confident it can maintain double-digit income and profit growth, its chief executive, Peter Sands, told reporters on Friday.
UK-based Standard Chartered PLC today reported a 39 per cent dip in its India operations during the first half of the current fiscal and said its business in the country was getting affected due to 'governance concerns'.
StanChart may want to be gone for good from Korea