Standard Chartered said first-quarter operating profit fell by a 'high single-digit percentage' amid weakness in emerging-market currencies and its financial-markets business.
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 paid 118 of its bankers at least $1.4m last year, topped by a $9.5m payout to Mike Rees, head of its wholesale or investment banking division.
A senior currency dealer at Standard Chartered, who was put on leave last year as regulators investigated allegations of global currency market rigging, has resigned from the bank, a source familiar with the matter said on Wednesday.
If there's any industry in need of a facelift, it's banking. The image of financial fat cats riding the high times and pleading bail-outs in the low is proving tough to shake off. Could that change if the City's pinstripe brigade demonstrate wider benefits to society, not just fatter wallets for themselves?
Even as StanChart posted an 11 percent on-year decline in pre-tax profit for 2013, the bank's Asia CEO said it had still been a relatively good year.
Standard Chartered CEO Peter Sands cut bonuses and reassured investors capital levels can weather writedowns, boosting the stock after the bank’s first annual profit drop in a decade.
Standard Chartered has appointed Michael Benz as the Bank’s new Group Head of Private Banking.
Has this top firm's time come ?
Standard Chartered's top 500 bankers gather in Singapore this week for their annual strategy huddle with an unusual degree of uncertainty swirling around the former stock market darling.
Deloitte partner Daniel Pirron's body was discovered in Trumbull, Connecticut last Monday, next to a rented SUV with out-of-state plates. There was a single gunshot wound to his right temple, according to police. Pirron's family believe that his death is linked to the Standard Chartered money-laundering scandal.
Here he goes again.
It is just a week since the CEO of Standard Chartered, Peter Sands, insisted that Benjamin Lawsky, of the New York Department of Financial Services, was talking utter rubbish. The bank, said Sands, had not concealed $250bn (£160bn) of US sanction-busting transactions with the Iranian government.