The odds are stacking up against Peter Sands keeping his job.
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.
Asia-focused bank Standard Chartered could need $4.4bn in of extra provisions to cover losses from commodities loans, potentially forcing it to raise billions of dollars from investors, analysts said on Monday.
Standard Chartered, the lender that generates most of its earnings in Asia, is close to selling private-equity investments valued at about $600m, said three people with knowledge of the talks.
Standard Chartered Chief Executive Officer Peter Sands unleashed the biggest round of job cuts in his eight-year tenure at the U.K. bank as he seeks to persuade critics he can stem a two-year drop in earnings.
Standard Chartered has hired two former prosecutors to police its transactions for criminal activity, a spokesman said last week, as the bank wrestles with a series of legal and compliance problems.
Standard Chartered has replaced UBS as one of its corporate advisors as it attempts to improve its relationship with major shareholders.
Plans are to be drawn up to give more confidence about the way banks measure their financial strength in the wake of the 2008 crisis.
Standard Chartered is being urged to plan for life beyond Peter Sands after a strategy update last month failed to restore confidence in the chief executive among some investors.
The chairman of Barclays has questioned how his counterpart at Standard Chartered has managed to hold down other jobs while chairing the emerging markets bank.
High street banks are being urged to show restraint on pay as they prepare to declare the size of their bonus pots for 2014, at a time when the sector faces fresh scrutiny over its conduct.
Standard Chartered Plc, the U.K. bank that’s cutting $400 million of costs, will consider starting a desk in Dubai for Japanese corporate clients that wish to expand business in the Middle East.
Lloyds Banking CEO Antonio Horta-Osorio is among Standard Chartered shareholders’ preferred candidates to take the bank’s top job, according to two people with knowledge of the matter.