Tag: Standard Chartered

Standard Chartered in money-laundering scandal

Standard Chartered in money-laundering scandal

Standard Chartered has become the latest UK bank to be accused of illegal activity. It has been accused by the New York department of financial services of hiding $250 billion worth of illegal transactions with Iranian banks between 2001 and 2010. The US regulator claims that the bank, which has wholesale banking, corporate finance and [...]

August 7, 2012 | 0 Comments More
Standard Chartered reports rise in H1 profits

Standard Chartered reports rise in H1 profits

London-based emerging markets bank, Standard Chartered, has today posted half-year pre-tax profits of $3.6 billion (£2.2 billion) – a rise of 17% compared with the same period a year ago. The figures represented its ninth consecutive first half of record profits and beat expectations of $3.47 billion. The bank, which has a strong presence in [...]

August 3, 2011 | 0 Comments More
Profits continue to rise at Standard Chartered

Profits continue to rise at Standard Chartered

London-based emerging markets bank, Standard Chartered, has today posted annual pre-tax profits of $6.122 billion (£3.76 billion) compared with $5.151 billion in 2009. The bank, which has a strong presence in Asia, said the rise was driven by a fall in loan impairment losses, which dropped 56% to $883 million. The bank has weathered the [...]

March 2, 2011 | 0 Comments More
Standard Chartered in GE Singapore purchase

Standard Chartered in GE Singapore purchase

London-based emerging markets bank, Standard Chartered, has purchased GE Money’s specialist car and personal loans business in Singapore. The deal will further strengthen the Asia-focused bank’s operations in Singapore. While financial details were not disclosed, sources close to the transaction said the bank was paying “just under” one billion Singaporean dollars. The acquisition will be [...]

January 24, 2011 | 0 Comments More
Barclays shares hit by bond issue speculation

Barclays shares hit by bond issue speculation

Banking giant Barclays is understood to be exploring a number of options that would boost its capital reserves, in order to meet new Basel III regulations. The Basel III rules recently agreed banks need to look to capitalise around 7% and Barclays is rumoured to be issuing a special bond that would enable it boost [...]

October 15, 2010 | 0 Comments More
Six British banks propose to kick-start lending

Six British banks propose to kick-start lending

The bosses of Britain’s top six banks have revealed a £1.5 billion fund, designed to kick-start lending to small businesses. It was announced in August that the chief executives of Barclays, Royal Bank of Scotland, Lloyds Banking Group, Standard Chartered and the heads of the UK operations of HSBC and Santander, would address the shortage [...]

October 13, 2010 | 0 Comments More
Standard Chartered announces £3.3bn cash call

Standard Chartered announces £3.3bn cash call

London-based emerging markets bank, Standard Chartered, has today announced plans to tap investors for £3.3 billion by selling fresh shares in the banking group. The cash call, which represents the biggest for the bank, comes after new Basel III regulations, which agreed how much equity banks must hold in reserve in order to prevent another [...]

Standard Chartered considers relocation to Far East

Standard Chartered considers relocation to Far East

London-based emerging markets bank, Standard Chartered, is looking to free itself from stricter regulations in Britain by considering relocating to the Far East. The bank, which already has a strong presence in the Far East, said relocation “is something we do look at but we have no plans to move.” According to The Times newspaper, [...]

September 17, 2010 | 0 Comments More
Standard Chartered first half profits rise

Standard Chartered first half profits rise

Standard Chartered bank has today unveiled a 10% increase in profits for the half-year ending June 30. The bank, which has a strong presence in Asia, said pre-tax profit came in at £1.96 billion during the six month period, a rise from the £1.78 billion it made in the same period a year earlier. Commenting [...]

August 4, 2010 | 0 Comments More
Standard Chartered issues positive trading statement

Standard Chartered issues positive trading statement

In a trading update today, London-based Standard Chartered bank said it is on target for a strong performance for the half-year ending June 30. Standard Chartered has weathered the downturn better than many of its rivals due to strong capital and liquidity and recently said it has had a “very strong start to the year [...]

June 28, 2010 | 0 Comments More
Standard Chartered has “very strong start to year”

Standard Chartered has “very strong start to year”

London-based bank Standard Chartered today announced record first quarter profits and income. The bank, which has a strong presence in Asia, said wholesale banking showed robust results in the three months ending 31 March. In wholesale banking, which includes advisory, trade finance and other investment banking business, client income was up by more than a [...]

May 4, 2010 | 0 Comments More
Standard Chartered profits surge 13%

Standard Chartered profits surge 13%

London-based bank Standard Chartered today announced a rise in pre-tax profits - meeting analysts expectations. The bank, which has a strong presence in Asia, said pre-tax profits in 2009 were £3.4 billion ($5.15 billion), a rise of 13% on 2008 figures. Meanwhile, revenue was up 9% to £10.14 billion ($15.18 billion). However, while many other [...]

March 3, 2010 | 0 Comments More
Standard Chartered on track for record profit

Standard Chartered on track for record profit

London-based bank Standard Chartered today issued a positive statement and said it is on target for a record profit this year. The bank, which has a strong presence in Asia, said that in the 11 months to the end of November it had delivered a strong performance with “record levels of income and operating profit [...]

December 9, 2009 | 0 Comments More
Barclays agrees 3-year Premier League deal

Barclays agrees 3-year Premier League deal

Barclays has confirmed a 3-year title sponsorship deal of the Premier League worth £82.25 million. The deal will run from the 2010-11 season until the end of the 2012-13 season. The banking giant has sponsored the Premier League since 2004 and their current three-year contract is worth £65.8 million, but expires next year. Barclays is [...]

October 25, 2009 | 0 Comments More