Standard Chartered Plc

COVID-19 impact | Standard Chartered to lay off hundreds worldwide

Those losing their jobs will continue to receive the salary until the end of 2020 in addition to a severance payment

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StanChart warns errant Indian borrowers of tough action

Standard Chartered's India unit, which was one of the most profitable markets for the Asia-focussed bank a few years ago, has seen a sharp spike in loan losses in the last couple of years, denting its global balance sheet.

StanChart, FTIL, 19 others to exit BSE 500 from Dec 21

Further, Asia Index said CCL International Ltd "will be dropped from the index effective December 2 on account of suspension due to consolidation, instead of December 21".

StanC ropes in ICICI Bank's Zarin Daruwala as India CEO

A chartered accountant and company secretary, Daruwala was one of the top rankers in both ICSI and ICAI courses and won the President's gold medal for company secretary programme. She was named one of the top 25 powerful women in business by Fortune India.

Standard Chartered names Zarin Daruwala as new India CEO

As president of the wholesale banking group at ICICI Bank, Zarin Daruwala led teams including corporate banking, project finance, structured finance and financial institutions, Standard Chartered said in a statement.

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StanChart to create awareness for UN's Global Goals

The bank will use its 86,000 employees and millions of clients to spread the word about the Goals, the company said in a statement.

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Australia mine proj: Adani, Standard Chartered severe ties

The development puts the Carmichael coal mine project in Queensland into further doubt. Commonwealth Bank, Australia's largest lender, quit its role as financial adviser last week.

RBS in talks to sell private banking unit to Sanctum Wealth

Switzerland's Union Bancaire Privee said in March it was buying the overseas business of British wealth manager Coutts from RBS, as part of the bank's drive to pull back from foreign markets and focus on UK retail and commercial banking.

Narayana Murthy's Catamaran invests in payment co Innoviti

The proceeds of the second round of funding will be used to expand Innoviti's business of real-time distribution of credit to small and medium enterprises (SMEs), IPS said in a statement.

Bajaj Cap, ICICI honoured at Financial Advisor Award 2015

Recognising the important role that financial advisors play in the wealth preservation process and the power of sound advice, CNBC-TV18 along with the UTI Mutual Fund presented the Financial Advisor Awards for 2015 on Thursday.

StanChart seeks buyers for $350 mn HK pension biz: Sources

Standard Chartered plc is seeking buyers for its Hong Kong pension business valued at about USD 350 million in a deal that would also involve a 15-year distribution agreement with the new owner.

StanChart announces top level rejig; Group ED Shankar quits

Shankar, Group ED and CEO (Europe, Middle East, Africa and Americas) has resigned to pursue other interests, after a 13-year career at Standard Chartered, the bank said in a stock exchange filing. Shankar would step down from the Board with effect from April 30, 2015.

Current account surplus seen in March quarter: Stanchart

The current account deficit (CAD) doubled to USD 8.2 billion or 1.6 percent of the GDP during December quarter on year-on year basis. CAD has narrowed to 1.7 percent of the GDP for the first nine months of the current fiscal, driven down by lower oil prices and higher services exports that offset the dip in merchandise shipments.

StanChart Q3 profit tumbles, targets more $400 mn cost cuts

The Asia-focused bank also said it will target a further $400 million in cost reductions for 2015, as it reshapes itself to combat a downturn in emerging markets which had previously been a tremendous engine of growth - driving it to ten straight years of record profits before 2013.