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Standard Chartered PLC is a British multinational bank with operations in consumer, 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.
Simon Cooper is a British banker. Since 2018 he has been the chief executive officer of the Corporate, Commercial and Institutional Banking division of Standard Chartered, its largest global business with approximately USD10 billion in underlying operating income. [1]
In February 2015, it was announced that Winters would replace Peter Sands as CEO of Standard Chartered in June 2015. [13] Since he joined Standard Chartered, the share price has fallen, as has that of peer HSBC. Standard Chartered's executive pensions attracted some investor criticism in 2019, and some 36% of votes cast at StanChart's annual ...
Although historically state banks could only operate within the state where it was chartered, this distinction slowly eroded. In 2010, this distinction was eliminated with the passage of the Dodd-Frank Act. Now state chartered banks may operate branches in any other state. [18] A state chartered bank cannot have "National" or "Federal" in its name.
LONDON (Reuters) -Zambia's Securities and Exchange Commission (SEC) has sanctioned Standard Chartered for mis-selling a Chinese property company's bonds to one of the bank's local wealth clients ...
Despite the lack of any official D-SIB designation, the banks being subject to the USA Stress Test can be considered to be D-SIBs in the US. [24] The group of banks being stress tested was identical throughout 2009–2013, except for MetLife Bank ceasing its banking and mortgage lending activities in 2012 – and therefore subsequently leaving ...
In 1969 the Standard Bank Investment Corporation (now Standard Bank Group) was established as the holding company of the South African bank. During the 1970s and 1980s Standard Chartered gradually reduced its shareholding, and sold its remaining 39% stake in Standard Bank Group in 1987, transferring complete ownership of the holding company to ...
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