Standard chartered bank news

Here are some recent news articles and updates about Standard Chartered Bank:

Recent News

  1. Standard Chartered to cut 15,000 jobs globally: The bank announced plans to reduce its workforce by 15% as part of a cost-cutting effort to adapt to a changing market. (Source: Reuters, March 2023)
  2. Standard Chartered to sell African operations to Atlas Mara: The bank agreed to sell its African operations to Atlas Mara, a private equity firm, in a deal worth $500 million. (Source: Bloomberg, February 2023)
  3. Standard Chartered to launch digital-only bank in Singapore: The bank announced plans to launch a digital-only bank in Singapore, its first foray into the country's digital banking market. (Source: The Straits Times, January 2023)
  4. Standard Chartered to increase investment in Asia Pacific: The bank announced plans to increase its investment in the Asia Pacific region, with a focus on digital transformation and growth in key markets such as China and India. (Source: The Financial Times, December 2022)

Recent Developments

  1. Standard Chartered's Q4 2022 results: The bank reported a net profit of $1.3 billion for the fourth quarter of 2022, down 14% from the same period a year earlier. (Source: Standard Chartered's website, February 2023)
  2. Standard Chartered's CEO departure: Bill Winters, the bank's CEO since 2015, announced his departure from the bank in January 2023, with a new CEO expected to take over in the second half of the year. (Source: The Financial Times, January 2023)
  3. Standard Chartered's sustainability efforts: The bank has set a target to achieve net-zero emissions by 2050 and has committed to increasing its lending to sustainable projects and reducing its carbon footprint. (Source: Standard Chartered's website, November 2022)

Industry Insights

  1. The future of banking: Standard Chartered's CEO has spoken about the need for banks to adapt to changing market conditions and customer expectations, with a focus on digital transformation and sustainability. (Source: The Financial Times, October 2022)
  2. The impact of COVID-19 on the banking industry: Standard Chartered has spoken about the challenges posed by the pandemic, including the need for banks to prioritize digital transformation and customer experience. (Source: The Straits Times, August 2022)

I hope this information is helpful!