Friday 22 May 2015
 
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Standard Chartered

StanChart unit to invest $175m in Nuqul’s FINE

A Standard Chartered Private Equity (SCPE) led consortium has invested $175 million for a significant minority stake in FINE, a leading integrated tissue manufacturer across the Middle East and North Africa (Mena) region. The majo

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StanChart UAE CEO steps down

Mohsin Nathani has resigned as chief executive of Standard Chartered's business in the United Arab Emirates, the bank said on Tuesday. Several senior members of staff have left the emerging markets-focused bank, which has been

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Global economy ‘set to grow in 2015’

This is a year where growth will improve, although in many parts of the world it may not feel that way, according to the Global Research team at Standard Chartered. The bank’s economic theme for 2015 – “Rekindlin

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Global economy ‘set to grow in 2015’

This is a year where growth will improve, although in many parts of the world it may not feel that way, according to the Global Research team at Standard Chartered. The bank’s economic theme for 2015 – “Rekindlin

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StanChart picks ex-JPMorgan executive as CEO

Standard Chartered said former JPMorgan investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems. Asia-focused

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Bank Dhofar working on plans to raise capital

Oman's Bank Dhofar is working with National Bank of Abu Dhabi and Standard Chartered as it studies options for raising its reserves including selling a capital-boosting bond, banking sources told Reuters on Tuesday. The sultan

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StanChart eyes wealthier customers in retail revamp

Standard Chartered will shift its retail bank's focus from mass market to affluent customers and urge more customers online as part of a broader turnaround strategy for the lender, a senior executive told Reuters. StanChart

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StanChart eyes stake sales in move to slim down

Standard Chartered's abrupt move to shut its global equities business last week could be a prelude to the lender selling off stakes in a number of Asian banks as it looks to boost capital, people familiar with the lender's thinking said.

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StanChart to close equities business, axe 4,000 jobs

Standard Chartered will close its global equities business and axe around 4,000 jobs worldwide at its retail banking division in a push to achieve the cost cuts, according to an internal memo seen by Reuters on Thursday, as chief executive Peter

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StanChart to axe 4,000 retail bank jobs

Standard Chartered will axe around 4,000 jobs worldwide at its retail banking division in a push to achieve the cost cuts that chief executive Peter Sands hopes will return the bank to past glory. Standard Chartered will axe aroun

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