HSBC is among global banks facing pressure to exit underperforming businesses in emerging markets nations from Brazil and Mexico to South Korea, creating opportunities for local banks to assert control of their home turf, analysts at UBS Securities said on Monday.
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.
Standard Chartered has announced further Board changes and several appointments to key leadership roles.
Gordon Dyal, the co-chairman of Goldman Sachs' investment banking division, has decided to retire, according to a company memo seen by Reuters.
The Bank of England will this week reveal a tougher set of stress tests for the nation’s banks that could put Standard Chartered under pressure to raise capital and place more lenders under scrutiny.
Nuts whole hazelnuts, hmmmmm.
Every time George Osborne announces a minor upwards tweak to the bank levy, a section of the City reacts as if the chancellor has declared an ambition to drive the money-changers out of London’s financial temple.
'It is looking more like a possible option'.
Within days of the announcement of raised charges on banks in the U.K., talk of at least one London-based bank relocating elsewhere has emerged.
Standard Chartered paid top managers $36.6m in 2014, a 23% decline, after executive directors relinquished bonuses because of the U.K. bank’s poor performance.
Standard Chartered has announced the appointment of three external advisor members to its Board Financial Crime Risk Committee.
So much for Katherine the Great.
Asia-focused bank Standard Chartered said the location of its headquarters is under constant review and a big increase in a tax on banks in Britain meant it was watching the situation closely.
Standard Chartered has warned shareholders it will face a $540m (£485m) bill to pay George Osborne’s bank levy this year as it reported a sharp downturn in profits in the first three months of 2015.