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StanChart names Jose Vinals as new chairmanStandard Chartered has named former deputy governor of the Bank of Spain Jose Vinals as its new chairman, ending a 16-month search for a new leader to oversee a sweeping turnaround plan being undertaken by its new CEO. StanChart a More… |
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StanChart chief plans to cut about 1,000 top staffStandard Chartered's new chief executive Bill Winters plans to cut up to a quarter of the bank's most senior staff to reduce costs, according to a memo sent to staff, which is likely to see about 1,000 top jobs go. More… |
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StanChart boosts ME team fighting financial crimesStandard Chartered plans to hire several financial crime-fighting staff in the Middle East, according to online jobs postings, as it seeks to strengthen controls after legal and compliance problems in the US. The bank is hiring a More… |
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StanChart top executive Shankar leavingOne of the top global executives of Standard Chartered, V Shankar, is stepping down later this year, the bank said. Shankar is the chief executive officer of Middle East, Africa, The Americas of the bank. He i More… |
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Banks in tussle with Etisalat on $400m loanInternational banks Standard Chartered and Citigroup have fallen out with Abu Dhabi-based telecoms firm Etisalat over $400 million which they lent to Etisalat's now defunct Indian affiliate, according to three banking sources familiar with t More… |
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StanChart unit exits $75m Bahrain investmentStandard Chartered said its private equity arm has exited a $75 million mezzanine investment in Hassan Mohammed Jawad & Sons (Jawad Business Group), a family-owned private company based in Bahrain. More… |
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Banks face years of US fines over IranFor years, the US struggled to get foreign bankers to comply with its effort to throttle Iran's economy - but a couple of billion dollars in fines, not to mention lurid headlines and talk of jail time, has suddenly got thei More… |
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StanChart row: fact or fiction?It was in October 2006 that a senior executive at Standard Chartered in New York pressed the alarm bell over the bank's dealings with Iranian customers. Realizing the bank was being too slow More… |
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Iraq places Warka Bank under guardianshipIraq's central bank placed private bank Warka Bank under guardianship to supervise it through insolvency, a senior official in the central bank said on Sunday. Warka Bank had been in talks with Standard Chartered to sell a stake last y More… |
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Stanchart eyes $3bn Singapore revenueStandard Chartered wants to almost double its Singapore revenue to $3 billion over the next three years as it remains bullish on the Asian growth story, its Singapore chief said in remarks published on Saturday. The bank sees itself growin More… |
