|Bid||750.00 x 30000|
|Ask||775.00 x 134600|
|Day's Range||748.90 - 766.30|
|52 Week Range||688.60 - 864.20|
|PE Ratio (TTM)||32.81|
|Forward Dividend & Yield||0.08 (1.10%)|
|1y Target Est||N/A|
Standard Chartered Plc is preparing a new ad campaign as part of a drive to reinvigorate its brand under the slogan “Good enough will never change the world,” people familiar with the project said. The multimedia campaign is scheduled to be rolled out across the Asia-focused bank’s most important markets later this year, said the people, who asked not to be identified because the plan is private. Chief Executive Officer Bill Winters, who’s now in his third year in charge, also wants to improve the bank’s sustainable and green credentials as part of his legacy, the people said.
Standard Chartered PLC’s (LSE:STAN) most recent earnings update in December 2017 showed that the business turned profitable again after incurring negative earnings in the last financial year. Below, I’ve laidRead More...
April 19 (Reuters) - Fortis Healthcare Ltd: * CO APPROVED CONSTITUTION OF EXPERT ADVISORY COMMITTEE, TO OVERSEE EVALUATION PROCESS AND FUNCTION AS ADVISOR TO BOARD * DECIDED TO ESTABLISH INDEPENDENT EVALUATION ...
Divya Devesh, Asia FX strategist at Standard Chartered Bank, discusses the ruble's rebound and emerging market currencies on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
Standard Chartered PLC (LSE:STAN) generated a below-average return on equity of 2.45% in the past 12 months, while its industry returned 7.68%. STAN’s results could indicate a relatively inefficient operationRead More...
JAKARTA/SINGAPORE (Reuters) - Standard Chartered Plc (STAN.L) said on Monday it had not taken any decision regarding its holding in Indonesia's Bank Permata (BNLI.JK), after a newspaper report said a team led by Farallon Capital Management is seeking a 44.56 percent stake in the bank. Standard Chartered and Indonesian conglomerate PT Astra International (ASII.JK) jointly control the Indonesia bank, each owning 44.56 percent. Shares in Bank Permata surged on the report by the Kontan daily, trading 6 percent higher to give it a market value of some $1.2 billion.
HSBC Holdings Plc said on Monday it had appointed its Malaysia CEO to the newly created position of head of Belt and Road initiative in Asia Pacific, as it bets on China's drive to build a modern-day Silk Road to help grow its business. Mukhtar Hussain, who first joined HSBC in 1982, will start in his new role on July 1, the London-headquartered bank, which made over 75 percent of its profits in Asia in 2017, said in a statement. Introduced in 2013, the Belt and Road project is aimed at building a modern-day economic Silk Road, connecting China by land and sea to Southeast Asia, Pakistan and Central Asia, and beyond to the Middle East, Europe and Africa.
Investment Corporation of Dubai , the Dubai government’s main investment arm, has raised a $1.2 billion loan needed to refinance existing debt, banking sources said. The loan was led by Citi, Dubai Islamic ...
Sharjah Islamic Bank (SIB.AD) has mandated HSBC and Standard Chartered to coordinate the potential sale of dollar-denominated sukuk, sources familiar with the matter said. HSBC and Standard Chartered are global coordinators for the planned deal, but other banks will join as arrangers, said one of the sources. Sharjah Islamic Bank has $500 million in outstanding sukuk, issued in 2013, that matures this month.
The former Angolan president’s son and a former central banker are suspected of using accounts at HSBC and Standard Chartered in an attempt to defraud the country’s central bank by transferring $500 million ...
LUANDA/LONDON (Reuters) - The $500 million at the centre of an alleged fraud involving the son of Angola's former president was transferred out of a Standard Chartered account held by Angola's central bank, the British bank told Reuters on Wednesday. The Angolan prosecutor general's office said on Monday it had charged Jose Filomeno dos Santos, the former president's son, and Valter Filipe da Silva, the former governor of the central bank known as Banco Nacional de Angola, with fraud over the case. Britain's National Crime Agency said last week that $500 million had been frozen in the UK as part of an investigation into a potential fraud against Angola's central bank and could be returned to the southern African country.
LUANDA/LONDON, March 28 (Reuters) - The $500 million at the centre of an alleged fraud involving the son of Angola's former president was transferred out of a Standard Chartered account held by Angola's central bank, the British bank told Reuters on Wednesday. The Angolan prosecutor general's office said on Monday it had charged Jose Filomeno dos Santos, the former president's son, and Valter Filipe da Silva, the former governor of the central bank known as Banco Nacional de Angola, with fraud over the case. Britain's National Crime Agency said last week that $500 million had been frozen in the UK as part of an investigation into a potential fraud against Angola's central bank and could be returned to the southern African country.
The Bank of England said on Wednesday finance companies operating in Britain will have more time to meet a Brexit deadline, in a move aimed at avoiding a potentially disorderly shift of people and operations across the continent. Britain and the European Union last week agreed a transition period of 21 months that will follow Britain's departure from the bloc in March 2019 during which companies will have unchanged access to the bloc's markets. Many banks have said they will not be able to rely on such a political deal as it will not be formally ratified by governments until the autumn and any deal could collapse if there is domestic political upheaval in the months before Britain leaves.
The Bank of England said on Wednesday finance companies operating in Britain will have more time to meet a Brexit deadline, in a move aimed at avoiding a potentially disorderly shift of people and operations across the continent. Britain and the European Union last week agreed a transition period of 21 months that will follow Britain's departure from the bloc in March 2019 during which companies will have unchanged access to the bloc's markets. "The Bank has made clear to relevant firms that they may plan on the assumption that UK authorisation or recognition will only be needed by the end of the implementation period," the BoE added.
The Bank of England said it will publish later on Wednesday updated guidance on how banks and other financial services firms should prepare for Brexit, following a 21-month transition deal struck by Britain and other European Union countries this month. The BoE said it would publish an update on its regulatory approach to preparations for Britain's departure from the EU at 1 p.m. (1200 GMT). More than 100 banks operating in London are branches of lenders based elsewhere in the EU and they will have to submit licence applications to continue working in Britain after Brexit.
China’s central bank guided the yuan to its strongest level against the U.S. dollar since its surprise devaluation more than 2½ years ago on Tuesday.
Manpreet Gill, head of FICC investment strategy at Standard Chartered, discusses India's bond market and the value of the rupee relative to the U.S. dollar. He speaks with David Ingles and Haslinda Amin ...
Islamic preacher Imam Idi Kasozi’s Friday sermons in the Ugandan capital typically focus on three subjects: faith, mercy -- and religiously compliant banking products.
Deutsche Bank (DBKGn.DE) has begun searching for a new chief executive, two people familiar with the matter said on Tuesday, as investors grow frustrated with the slow turnaround of the loss-making German lender. Paul Achleitner, chairman of the board, has initiated a search to replace John Cryan, the British chief executive officer who has been in office less than three years, the people said on condition of anonymity. A senior executive at Deutsche separately cautioned that there was little that Germany's largest bank could do to quickly improve sentiment.
(Adds details from FPC statement, background) By William Schomberg and Andrew MacAskill LONDON, March 27 (Reuters) - The Bank of England said it considered this month increasing the amount of money banks ...
Bilal Khan, Standard Chartered Senior Economist, discusses Saudi Arabian growth in 2018 with Yousef Gamal El-Din and Manus Cranny on "Bloomberg Daybreak: Middle East. " (Source: Bloomberg)
Germany's largest bank has approached Richard Gnodde, a senior executive of Goldman Sachs, to take on Cryan's role less than two years into his tenure, the newspaper said. Deutsche Bank was not immediately available to comment on the London newspaper's report. Gnodde, who is a vice chairman of Goldman Sachs, is said to have been pursued by the lender amid a breakdown between Cryan and Deutsche chairman Paul Achleitner, the Times said.
As a large-cap stock with market capitalization of UK£23.52B, Standard Chartered PLC (LSE:STAN) falls into the category of a major bank. As these large financial institutions revert back to healthRead More...