Standard Chartered shares jump as investors swoop on renewed reports of possible £28.8bn First Abu Dhabi deal February 9, 2023 Shares in Standard Chartered jumped around 10 per cent following reports from Bloomberg that First Abu Dhabi Bank was still interested in making an offer for the London-headquartered lender. According to Bloomberg, figures at First Abu Dhabi Bank were working on a possible takeover “under the code name Silver-Foxtrot” once the cooling-off period required by [...]
Standard Chartered announces fresh £410m share buyback programme on profit surge July 29, 2022 Asia-focused British bank Standard Chartered today announced a fresh $500m (£410m) share buyback programme. Higher interest rates boosted the lender’s bottom line, with pre-profits climbing eight per cent to $2.77bn (£2.3bn) in the six months to June. In the second quarter alone, profits surged 12 per cent to $1.3bn (£1.1bn), above analysts’ expectations, sending its [...]
Standard Chartered mulls sale of £3bn aviation arm days after First Abu Dhabi Bank drops takeover bid January 11, 2023 Standard Chartered is considering selling its £3bn aviation finance business, the bank said today. Standard Chartered’s aviation business, which is based in Ireland, accounts for around two per cent of its total income. The business owns and manages over 120 aircraft, leasing them to over 30 of airlines around the world, according to Airfinance Journal’s [...]
Shares in Standard Chartered fall five per cent after First Abu Dhabi quashes hopes of £28bn take-over deal February 10, 2023 First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, said it was not currently evaluating an offer for Britain’s Standard Chartered, the second time it has quashed reports of an imminent bid. News of the potential offer first came on 5 January, when FAB said it had considered a bid for London-listed Standard Chartered but was no longer doing [...]
Standard Chartered snaps up virtual land as lenders accelerate metaverse investment April 25, 2022 Emerging markets lender Standard Chartered has announced a push into the metaverse today as it snaps up a plot of land in decentralised gaming world The Sandbox.
Standard Chartered London HQ and global offices targeted by fossil fuel protests April 19, 2022 Standard Chartered has become the latest London-headquartered bank subject to climate change protests, as activists seek to stop investments in oil and gas. The nearly 170-year-old bank is the only bank in the UK facing a shareholder-proposed resolution on climate change at its annual this year. Despite protests erupting outside the British bank’s office in [...]
MPs urge Liverpool FC to cut ties with Standard Chartered over support for Hong Kong security law July 31, 2022 MPs have urged Liverpool football club to break its sponsorship deal with Standard Chartered over the the bank’s past support for a draconian national security law in Hong Kong. In a letter to Billy Hogan, the football team’s CEO, MPs and peers from the All-Party Parliamentary Group on Hong Kong highlighted that following mounting authoritarianism [...]
Standard Chartered pulls back from Africa and Middle East in cost cutting push April 14, 2022 British lender Standard Chartered announced today it would slash its presence in Africa and the Middle East as it looks to cut costs and simplify its business.
Banking exec: Diversity regulations could ‘dumb down’ corporate efforts already underway January 17, 2024 Tracey McDermott at Standard Chartered told the Following the Rules podcast that the regulator could run into what she called the ‘levelling up problem.’
Standard Chartered unveils share buy-back and ramps up bonuses as profits rebound February 17, 2022 International banking group Standard Chartered reported a rebound in profits to $3.9bn today and announced a $750m share buy-back as it begins to recover from a pandemic slump.