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Standard Chartered Singapore (officially Standard Chartered (Singapore) Limited) is the Singapore based subsidiary of British banking and financial services company, Standard Chartered. Opening its first branch in 1859, the bank is one of the oldest in continuous operation in Singapore. [ 1 ]
Standard Chartered PLC is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services.Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East.
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
Six Battery Road, formerly the Standard Chartered Bank Building, is a high-rise skyscraper located in the central business district of Singapore. It is located at 6 Battery Road, in Raffles Place . The tower is located adjacent to the Bank of China Building [ 5 ] and faces the Singapore River .
Standard Chartered Hong Kong (officially Standard Chartered Bank (Hong Kong) Limited, Chinese: 渣打銀行(香港)有限公司) is a licensed bank incorporated in Hong Kong and a subsidiary of Standard Chartered. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
Standard Chartered India (officially Standard Chartered Bank India Branches) is a foreign branch of Standard Chartered, incorporated in the United Kingdom with limited liability. [1] It is considered as a foreign bank under the Banking Regulation Act, 1949 and thus is regulated by the Reserve Bank of India (RBI).
In 1912 it opened a branch in New York City. In 1920 it bought out the African Banking Corporation. [3] By the mid-1950s, Standard Bank had around 600 offices in Africa. In 1962, the bank was renamed Standard Bank Limited, and a subsidiary was registered in South Africa under the parent bank's previous name, Standard Bank of South Africa.
It also opened branches at Doha, (Qatar) (1950), Aden, (Yemen) (1951), with a sub-branch at Steamer Point (1953, closed 1958), Mukalla, (Yemen) (1955), and Beirut, (Syria) (1956). Barclays Bank DCO increased its stake as a strategic initiative to tap into its Arab customers via Eastern Bank, as Barclays had a strong Jewish customer base in ...