Standard Chartered was under intense pressure on Thursday after being forced to issue a statement backing its chairman, Sir John Peace, and chief executive, Peter Sands.
With a banking heritage spanning more than 150 years, Standard Chartered has developed extensive global reach and a strong position in emerging markets and new trade corridors.
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The credit checking company Experian was under fire on Tuesday for promoting its chief executive, Don Robert, to chairman in a move that contravenes City corporate governance codes.
Standard Chartered sued Chen Jihong, the owner of a metals trading company at the centre of a loan fraud investigation in eastern China, for $35.6m the bank says it’s owed under a loan agreement.
International banks retreating from the Middle East cleared the way for Arab lenders to take over as the region’s biggest dealmakers in the first half.
The position of Standard Chartered's chief executive, Peter Sands, was under ever greater pressure yesterday as a profit warning sent the FTSE 100 bank's shares to a three-year low.
Standard Chartered warned that profits will fall this year and said the head of its worst-performing business had gone on a long-term break from the Asia-focused bank.
Until we see the details of the case, it is impossible to judge whether a $10bn (£6bn) fine for BNP Paribas would be unreasonable, as Laurent Fabius, the French foreign minister, contends.
Standard Chartered has announced the appointment of John Cusack as Global Head, Financial Crime Compliance (FCC) and Group Money Laundering Reporting Officer (MLRO).
Standard Chartered has pledged to rethink how it pays its bosses after the bank suffered a damaging shareholder rebellion at its annual general meeting.
Standard Chartered Bank has announced the appointment of Heidi Toribio as managing director and head of the Financial Institutions practice for the Bank in the Americas.