Standard Chartered hit with £46m fine for misreporting liquidity position December 20, 2021 The Bank of England has slapped Standard Chartered bank with a £46m fine for reporting errors and a lack of cooperation with regulators. The Prudential Regulation Authority (PRA) said today that it would fine the bank for “failing to be open and cooperative” with the authority and “failings in its regulatory reporting governance and controls” [...]
Exiled Hong Kong activist: HSBC ‘short-sighted’ for lobbying Sunak to ease China crackdown May 13, 2024 A leading Hong Kong pro-democracy activist has called major firms like HSBC and Standard Chartered "short-sighted" for lobbying the UK government to ease its planned clampdowns on China.
Markets: Standard Chartered, Flutter and miners put FTSE 100 in a hole November 2, 2021 The FTSE 100 is down this morning, weighed on by Paddy Power owner Flutter and Asia-focussed bank StanChart. The blue-chip FTSE 100 index eased 0.5 per cent after closing at fresh February 2020 highs yesterday, while the UK-centric mid-cap index slipped 0.2 per cent. Miners BHP, Rio Tinto and Anglo American were among the worst performers on [...]
Standard Chartered pre-tax profits rise 44 per cent November 2, 2021 Standard Chartered pre-tax profits have risen 44 per cent, according to the latest quarterly results announced today. Profit before tax at the British bank rose to $1.08bn, surpassing previous expectations but the bank warned investors to expect an “uneven” economic recovery and its outlook for earnings growth for 2021 remained flat. Chief executive at Standard [...]
Standard Chartered profits surge as loan-loss provisions fall sharply August 3, 2021 Standard Chartered posted a better-than-expected 57 per cent jump in first-half pre-tax profits as it followed fellow banking giants in releasing a wave of capital set aside in anticipation of a surge in Covid-related customer defaults. Pre-tax profit for Standard Chartered, which has a strong presence in Asia, Africa and the Middle East, rose to [...]
Standard Chartered to face shareholder action over climate change policies May 10, 2021 Shareholders are set to eye Standard Chartered bank’s climate policies, according to environmental organisation Market Forces, revealing it has pumped $31.4bn into fossil fuels since the Paris Agreement. The scrutiny comes as the bank confirmed its participation in a $400m five year loan for global coal giant Adaro Indonesia, as part of a syndicate of [...]
Biggest UK lenders including Natwest, Lloyds and Nationwide could fail safely in a crisis, Bank of England says August 6, 2024 The Bank of England has said any major UK lender could be safely wound down in a crisis without causing disruption to banking services or forcing a taxpayer bailout.
Standard Chartered to cut office space as dividend returns despite profit hit February 25, 2021 Standard Chartered will resume its dividend for the full year despite a sharp fall in profit due to the pandemic, as it unveiled plans to slash office space in the coming years. The London-based lender, which halted its payout last year at the request of the Bank of England, said it will pay a dividend [...]
UK MPs call for Wimbledon to cut ties with HSBC and Standard Chartered February 4, 2021 A group of UK MPs and peers have demanded asset management giant BlackRock and the Wimbledon tennis tournament to cut ties with HSBC and Standard Chartered over their support for Beijing’s freedom of speech crackdown in Hong Kong. The nine parliamentarians also called on the World Rugby Sevens and the British Open tournaments to refuse further [...]
Standard Chartered profit soars to $1.4bn as Covid19 provisions to cover bad loans go unused April 29, 2021 Standard Chartered this morning posted a higher- than-expected 18 per cent jump in quarterly pre-tax profit, as the Asia-focused bank began recovering from the economic hit caused by the Covid19 pandemic. Pre-tax profit for the three months to 31 March was $1.4bn, up from $1.2bn a year earlier, and well ahead of the $1.08bn analysts had [...]