Standard 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.
Standard 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.
Standard 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
One 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.
International 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
For 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
Iraq'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
Standard 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