|Bid||751.30 x 30000|
|Ask||751.50 x 134600|
|Day's Range||750.10 - 758.90|
|52 Week Range||678.80 - 864.20|
|PE Ratio (TTM)||32.25|
|Earnings Date||Feb 22, 2018 - Feb 26, 2018|
|Forward Dividend & Yield||0.08 (1.04%)|
|1y Target Est||11.14|
Singapore's central bank imposed penalties of S$5.2 million (2.83 million pounds) on Standard Chartered Bank (SCBC) (STAN.L) and S$1.2 million on Standard Chartered Trust (Singapore) (SCTS) for breaching money laundering rules and terrorism financing safeguards. In a statement on Monday, the Monetary Authority of Singapore (MAS) said the breaches occurred when trust accounts of SCBS' customers were transferred from Standard Chartered Trust (Guernsey) to SCTS from December 2015 to January 2016.
Based on Standard Chartered PLC’s (LSE:STAN) earnings update in December 2017, the consensus outlook from analysts appear highly confident, with earnings expected to more than double in the upcoming year,Read More...
The breaches occurred when trust accounts were transferred from Guernsey to Singapore. The Monetary Authority of Singapore (MAS) imposed penalties of $5.2m on Standard Chartered Bank, Singapore Branch (SCBS) and $1.2m on Standard Chartered Trust (Singapore) Limited (SCTS) for breaches of MAS’s anti-money laundering and countering the financing of terrorism (AML/CFT) requirements.
Following is the transcript of CNBC’s interview with Bill Winters, CEO of Standard Chartered Bank at the Credit Suisse Asian Investment Forum in Hong Kong. The interview was broadcast on Squawk Box on 19 March 2018.
Singapore’s central bank and financial regulator has hit Standard Chartered’s local bank branch with a S$5.2m ($3.94m) fine for breaching anti-money laundering and anti-terrorist financing rules. The case ...
Singapore's central bank imposed penalties of S$5.2 million ($3.95 million) on Standard Chartered Bank (SCBC) (STAN.L) and S$1.2 million on Standard Chartered Trust (Singapore) (SCTS) for breaching money laundering rules and terrorism financing safeguards. In a statement on Monday, the Monetary Authority of Singapore (MAS) said the breaches occurred when trust accounts of SCBS' customers were transferred from Standard Chartered Trust (Guernsey) to SCTS from December 2015 to January 2016.
The CEO of Standard Chartered said tariffs could be an "effective" opening gambit for trade negotiations, but ultimately would provide a negative if there were escalating tensions between China and the U.S.
Standard Chartered Plc units were fined S$6.4 million ($4.9 million) for failing to meet Singapore’s anti-money laundering requirements, less than two years after it was punished for a similar breach in ...
Standard Chartered [STANB.UL] (STAN.L) launched its first African online-only bank in Ivory Coast on Friday, joining a wave of lenders seeking to use new technologies to reach customers in some of the world's most under-served markets. Long considered a backwater, Africa has emerged as the world's No. 2 banking market in terms of both growth and profitability. To compete for customers, banks are increasingly taking advantage of Africa's deepening mobile phone coverage.
Standard Chartered has placed Neil Barry, its head of compliance, on leave pending an internal investigation into an undisclosed matter. The London-listed bank said in a statement on Friday that Tracey ...
Hong Kong's securities regulator is pursuing disciplinary action against eight firms for alleged misconduct in their roles sponsoring initial public offerings (IPOs) in the Asian financial hub, a senior official said on Wednesday. The comments come days after UBS Group AG disclosed that the Securities and Futures Commission (SFC) had blocked it from sponsoring IPOs for 18 months. The SFC - which is looking to lift the standards of so-called sponsors that lead IPOs in the city and are liable for any misinformation included in prospectuses - had in October said that it was probing "substandard work" by 15 firms during their IPO sponsorship.
Germany's association of foreign banks expects about 20 banks to expand their presence in Germany as a result of Britain's decision to leave the European Union, it said. "This will involve up to 5,000 new jobs in the next two years, many of which will be hired locally," Stefan Winter, the head of the Association of the Foreign Banks in Germany (VAB), said on Wednesday.
SGX wants to loosen some of the rules it planned to enforce on dual-class listings like a minimum market cap, Bloomberg reported, citing sources asking not to be named. "Making dual-class shares easier to adopt is an attempt to make Singapore more competitive with exchanges in the US, which have in recent years listed Chinese tech companies that now have a combined market value of about $785b, according to data compiled by Bloomberg. China is also joining the race to draw more tech initial public offerings, whilst Hong Kong is pitching that it too will allow dual-class shares.
UBS (UBSG.S) has told staff that it is "business as normal", after the Swiss bank revealed on Friday it is fighting an 18-month suspension in Hong Kong from leading initial public offerings (IPOs). UBS disclosed the suspension by Hong Kong's securities regulator, the Securities and Futures Commission (SFC), in its annual report released on Friday, and added it planned to appeal the decision as well as a HK$119 million ($15.18 million) fine handed out to it. The bank did not specify what led to the suspension and the fine but said the regulator had been investigating UBS's role as a sponsor of some IPOs listed on the Hong Kong Stock Exchange and that the actions related to one of the offerings under investigation.
The UK financial regulator will on Monday face calls from an anti-corruption campaign group to investigate Royal Bank of Scotland and Standard Chartered for handling more than $2bn of allegedly embezzled ...
The Bank for International Settlements warned that big Asian developers like those in Singapore are more vulnerable to profit shocks due to worsened conditions in the building and construction sector. "The 'sector’s deteriorating fundamentals give reason for concern,' said the Basel, Switzerland-based institution, which watches over global financial stability. Many firms’ returns on assets are below their costs of debt, the BIS said in a quarterly review, citing a study of developers in China, Hong Kong, Indonesia, Malaysia, Singapore and Thailand.
ZURICH/LONDON (Reuters) - Swiss bank UBS has told employees that the majority of those affected by Brexit will move to Frankfurt from London, setting out what it called a decentralised approach to relocating staff. Staff affected will be informed in the next few months and relocations will depend on where clients are based, according to a company memo seen by Reuters. Separately, the Swiss bank said in its annual report on Friday that it will merge UBS Limited, its British entity, into UBS Europe SE, its German headquartered European bank, in the absence of a transition deal between Britain and the EU.
ZURICH/HONG KONG (Reuters) - Hong Kong's securities regulator has blocked UBS (UBSG.S) from sponsoring initial public offerings for 18 months, the Swiss bank said in its annual report released on Friday, adding it planned to appeal against the decision. The Hong Kong Securities and Futures Commission (SFC) had been investigating UBS's role as a sponsor -- or lead underwriter -- of some IPOs listed on the Hong Kong Stock Exchange, it said. "In March 2018, the SFC issued a decision notice in relation to one of the offerings under investigation," the bank said in its annual report.
LONDON (Reuters) - Crown Prince Mohammed bin Salman, who is visiting Britain this week, met with Standard Chartered (STAN.L) group chief executive Bill Winters and HSBC (HSBA.L) group CEO John Flint on ...
Saudi Arabia’s Crown Prince Mohammed bin Salman asked the chiefs of some of Britain’s largest banks and a handful of business leaders to attend an impromptu meeting this afternoon in London, people with ...
U.S. President Donald Trump's proposed trade tariffs are already influencing lending decisions by Britain's Standard Chartered and could have an impact on its profitability, its Chief Financial Officer told Reuters. The Asia, Africa and Middle East-focused bank has been taking into consideration the effect Trump's plan to hike duties on steel to 25 percent and on aluminium to 10 percent could have on loans to sectors that might be hit, Andy Halford said.
Mar.08 -- Anna Marrs, regional chief executive officer for Asean and south Asia at Standard Chartered Bank, discusses the bank's business strategy on trade deals. She speaks to Haslinda Amin on "Bloomberg Markets."