STANCHART
StanChart announces massive job cuts: Standard Chartered to lay off over 7,000 employees. Check deadline, reason
StanChart or Standard Chartered's move to streamline operations and rein in costs comes as more global firms slash jobs by deploying AI to improve efficiency.
Kotak Mahindra, Federal Bank line-up to acquire StanChart's India credit-card-only customers; Offer review underway
Standard Chartered is considering offers from Kotak Mahindra Bank and Federal Bank for its Indian credit card customers. This move aligns with the bank's strategy to reduce focus on single-product clients. The sale involves up to 600,000 customers who only have credit cards. This divestment aims to improve profitability by shedding non-core assets.
StanChart unveils big buyback, profit jump as CEO bemoans 'crap' share price
"The share price is crap. I know that's going to be a quote," Winters told reporters on a conference call in response to questions about the lender's valuation, which has fallen 4% in the year to date and 16% in the last 12 months.
Bandhan Bank teams up with Standard Chartered Bank for a co-branded credit card
The credit card will be for Bandhan Bank customers while the credit risk will be borne by StanChart, one of the leaders in the credit card market with 1.2 million credit card base.
Standard Chartered need not convert IDRs into shares: SEBI
After the announcement of guidelines by the Sebi, the company need not convert them into underlying shares after one year of getting listed.
'Pressure to tackle graft has shifted Govt focus from reforms'
Global banking giant Stanchart has said that public outcry to tackle corruption has diverted the government's reforms agenda, which is considered essential for sustaining high growth.
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StanChart projects 8.1% GDP growth for FY12; inflation at 7.9%
Global banking giant StanChart today projected India's economic growth to slow down to 8.1 per cent in 2011-12.
Subscribe to Standard Chartered IDR, says Emkay
Emkay Global Financial Services has recommended investors to ‘Subscribe to the initial public offering of Standard Chartered’s (StanChart) Indian Depository Receipts (IDR).
SEBI clears StanChart's IDR, issue to open by May-end
SEBI has cleared Standard Chartered Bank's proposed Indian Depository Receipt (IDR) issue, which will help it raise USD 1 billion from the domestic capital market.
Stanchart to float first IDR for over Rs 2,200 cr; list in June
The bank said it had hired UBS AG, Goldman Sachs, JM Financial Consultants, DSP Merrill Lynch, Kotak Mahindra Capital and SBI Capital Markets to manage the offering.
StanChart to become top M&A advisory
Size indeed matters. The celebrated Bharti-Zain deal, the second- largest cross-border transaction, would easily make Standard Chartered Bank the top M&A advisory house in the country.
StanChart set to buy RBS' SME business in India, China, Malaysia
Standard Chartered is set to seal a deal to buy Royal Bank of Scotland’s retail and small and medium enterprises (SME) operations in India, China and Malaysia, two people familiar with the development said.
StanChart to hire 2,000 professionals in 2009: Official
Standard Chartered said it has no plans to freeze hiring in India and would recruit around 2,000 professionals this year.
More CRR, repo, reverse repo hikes likely in FY 09 : StanChart
A spiralling inflation is likely to force the Reserve Bank to up the Cash Reserve Ratio by 0.75 pc in FY 09, along with a one per cent hike in repo and reverse repo rates, Global financial services major StanChart has said.
StanChart stands to gain $100 million as fees
Merrill Lynch and Deutsche Bank are advising MTN while Standard Chartered Bank is Bharti’s advisor in its quest to strike the country’s most-valuable overseas deal.
StanChart in pact with IFC to finance Asian, African MFIs
World Bank Group member International Finance Corporation has joined hands with banking major Standard Chartered for launch of credit linked notes, backed by loans to micro-finance institutions.
StanC AMC marathon: IDFC, Shinsei lead race
The race to acquire Standard Chartered Mutual Fund has entered the last leg, with IDFC and Japanese group Shinsei emerging as frontrunners in what has been a long drawn race.
StanChart-American Express deal stumbles upon regulatory hurdle
RBI is categorical that an NBFC can issue cards only if there is a tie-up with a bank which holds the credit risk.
StanChart likely to call off AMC deal with UBS
Standard Chartered is likely to call off the deal with Swiss giant UBS to take over its asset management operations in India.
Banks can't hold stake in commodity broking houses
This decision will have an impact on BNP Paribas-Geojit deal.
RBI may not allow Stanchart in UTI's commodity arm
RBI may not allow Standard Chartered Mauritius Limited to pick up stake in STCI Commodities Limited, the commodity broking arm of UTI Securities Limited.
StanChart picks 49% in UTI Securities
Standard Chartered has entered into an agreement to acquire 49% stake in UTI Securities from the Securities Trading Corporation of India (STCI) with an option of increasing its stake to 100% over the next three years.
StanChart eyes middle class with zero balance offer
UK’s Standard Chartered Bank (StanChart) plans to position itself differently in India.
Stanchart calls off Bank of Bahrain deal
RBI’s refusal to transfer branch licences triggers the move. Gulf bank may retain business.
StanChart buys up to 5% in private banks
Standard Chartered Bank (StanChart) has picked up to 5% stakes in a few private sector banks, according to chief executive officer (India) Neeraj Swaroop.
UBS to enter India via StanChart MF buy
ET had first reported that Aviva had walked out of the race and UBS would takeover the AMC.
Aviva quits StanChart MF race
As Aviva walks out of the bid, the Swiss banking major UBS leads the race with the second highest bid.
Four foreign cos in last lap of race for StanChart MF
Standard Chartered Mutual Fund’s (StanChart MF) sell-off may be finalised soon, with four foreign investment management firms in the bidding short-list.
Lotus seen in race for StanChart MF
Lotus India Asset Management Company may bid for StanChart Mutual Fund which has assets under management (AUM) worth close to Rs 10,000 crore.
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