Tag: Standard Chartered Bank

• Thursday, August 15th 2019 - 05:20 UTC

  Bolsonaro insists Argentina is heading for “Venezuelan chaos” with the “leftist bandits”

  

  Brazilian President Jair Bolsonaro said on Wednesday that Argentina was heading for chaos as “leftist bandits” who performed well in the primary election will follow the path of Venezuela, which is mired in a deep economic crisis. Argentina's Merval stock index was down 34.47% since the start of the week.

• Tuesday, April 9th 2019 - 06:54 UTC

  Standard Chartered could pay some US$ 1 billion to resolve an investigation into Iran US sanctions violations

  

  London based Standard Chartered is expected to pay slightly more than US$1 billion to resolve a nearly five-year-old investigation of potential U.S. sanctions violations tied to its banking for Iran-controlled entities in Dubai, as well as a related U.K. probe, according to a report from Reuters.

• Thursday, February 21st 2019 - 15:24 UTC

  Standard Chartered bank puts aside US$ 900m for potential fines in US and UK

  

  Standard Chartered is putting aside US$ 900 million for potential fines involving investigations in Britain and the US. The money will cover separate investigations into breaches of US sanctions and foreign exchange trading issues.

• Monday, July 9th 2018 - 07:34 UTC

  Falklands' oil industry on the move as Sea Lion project financing has a pathfinder bank

  

  Rockhopper Exploration says Standard Chartered Bank will serve as Pathfinder Bank for the proposed senior debt project financing of the Premier Oil-operated Phase 1 development of the Sea Lion project offshore the Falkland Islands.

• Saturday, October 7th 2017 - 08:48 UTC

  Standard Chartered US$ 1.4bn Guernsey/Singapore transfer under investigation

  

  A US$1.4bn (£1.1bn) money transfer between the Guernsey and Singapore offices of Standard Chartered is under investigation by financial regulators. The assets were moved in 2015, before the Channel Island adopted new rules on exchanging tax information with other countries.

• Saturday, August 5th 2017 - 06:54 UTC

  Standard Chartered moves European base to Frankfurt because of Brexit

  

  Standard Chartered is set to spend about US$20m to turn its Frankfurt office into a European base due to Brexit. The bank plans to create a subsidiary at its German branch to maintain access to the European market after Britain withdraws from the European Union.

• Friday, May 5th 2017 - 10:32 UTC

  Goldman Sachs warns Brexit could stall London's dominant financial position

  

  The chief executive of Goldman Sachs has warned that Brexit could see international banks reducing their footprint in Britain, and signaled the US firm has contingency plans in place to move staff out of the UK and into the EU.

• Wednesday, December 2nd 2015 - 08:52 UTC

  RBS and Standard Chartered, weakest in Bank of England stress test

  

  Royal Bank of Scotland and Standard Chartered were the weakest of Britain's seven largest lenders in a Bank of England stress test. For the second year, the central bank has subjected the UK's biggest lenders to tests to measure whether they would survive a financial shock.

• Monday, October 12th 2015 - 09:32 UTC

  Standard Chartered bank plans to cut 1.000 senior jobs

  

  Standard Chartered bank, a London-based lender that makes most of its profit in Asia, could cut up to 1,000 senior jobs, according to an internal memo sent to staff. The move from chief executive Bill Winters is meant to cut costs.

• Saturday, February 28th 2015 - 07:28 UTC

  Reshuffle in UK's Standard Chartered leadership; Bill Winters next CEO

  

  Britain's Standard Chartered announced on Thursday the exit of its top two bosses in a radical management reshuffle, as the Asia-focused bank battles to transform its fortunes.