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Standard Chartered PLC (STAN.L)

STAN.L on London Stock Exchange

639.10GBp
23 Sep 2016
Change (% chg)

-12.60p (-1.93%)
Prev Close
651.70p
Open
647.10p
Day's High
648.10p
Day's Low
635.60p
Volume
4,775,189
Avg. Vol
8,663,735
52-wk High
753.63p
52-wk Low
373.40p

Latest Key Developments (Source: Significant Developments)

StanChart said to mull private-equity unit spin-out to managers- Bloomberg, citing sources
Friday, 16 Sep 2016 06:12am EDT 

: StanChart said to mull private-equity unit spin-out to managers- Bloomberg, citing sources . StanChart unit’s managers, led by Joseph Stevens, would take control of business that oversees about $5 billion of assets- Bloomberg, Citing Sources Source (http://bloom.bg/2cvJe9d) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Ailleron unit receives order for delivery of livebank platform
Wednesday, 3 Aug 2016 07:47am EDT 

Ailleron SA : Its unit, Software Mind SA, receives an order for the delivery of LiveBank platform for Standard Chartered Bank in seven countries in Asia and Africa (China, Taiwan, Hong Kong, India, Bangladesh, Kenya, United Arab Emirates) .The value of the order has not been disclosed but does not exceed 10 pct of the company's capital.  Full Article

Standard Chartered posts $1 bln underlying pretax profits, equity returns up
Wednesday, 3 Aug 2016 05:35am EDT 

Standard Chartered Plc : H1 adjusted basic EPS 0.142 usd versus 0.524 usd loss in H2 2015 . Cost savings are funding investment plans, which will increase throughout rest of year . Normalised return on ordinary shareholders' equity of 2.1 per cent (H2 2015: negative 6.2 percent) . Common equity tier 1 (CET1) ratio of 13.1 percent slightly above group's 12-13 percent target range . "continue to cooperate fully with US and UK authorities in ongoing investigations that we have previously disclosed." . Exited $674 million gross loans . It is likely take us longer to deliver return on equity we set out in november . José Viñals will be appointed as new chairman of group . Eventual outcome of regulatory reforms to finalise banks' capital requirements is unclear . We have approximately $30 billion of RWAS to restructure or reposition to improve returns in Korea and in our two businesses in Indonesia . In first half we have added over 40,000 priority clients and have seen income from this segment increase as a percentage of total retail banking income to 38 per cent. . "Is looking at practical implications of Brexit on our portfolios and clients - both in UK and non-UK exposures." . "seeing signs of stress following recent commodity price volatility" . Half year results 2016 . Underlying profit before tax of $1.0bn . Underlying operating expenses of $4.0bn - tightly controlled and down 13 per cent year-on-year excluding regulatory costs.  Full Article

Standard Chartered appoints Jose Vinals as Chairman<2888.HK>
Wednesday, 27 Jul 2016 10:15am EDT 

Standard Chartered PLC : Standard Chartered PLC appoints Jose Vinals to succeed Sir John Peace as Chairman <2888.HK> .  Full Article

Standard Chartered names Naguib Kheraj as deputy chairman
Wednesday, 27 Jul 2016 10:15am EDT 

Standard Chartered Plc :Also announcing appointment of Naguib Kheraj, as deputy chairman.  Full Article

S&P - Various U.K. Bank outlooks revised due to potential economic deterioration following Brexit vote
Thursday, 7 Jul 2016 09:33am EDT 

S&P : S&P - Various U.K. Bank outlooks revised due to potential economic deterioration following Brexit vote . S&P - Revised to negative from stable the outlooks on Barclays PLC and Barclays Bank Plc (including its core subsidiaries) . S&P - Revised to stable from positive our outlook on U.K.-Based NOHC The Royal Bank Of Scotland Group PLC (RBSG) . S&P - Affirmed the long- and short-term counterparty credit ratings on Santander UK Group Holdings PLC . S&P - Affirmed the long- and short-term counterparty credit ratings on Standard Chartered PLC and its rated bank subsidiaries . S&P - "Revised view based on outcome of the Brexit Vote, which we expect will reduce consumer confidence and the demand for credit in the near term" . S&P - See UK banks' strengthened capital, liquidity, funding profiles provide flexibility to manage extended period of economic , market uncertainty . S&P - "Believe that the U.K. economy is now entering a correction phase" Source - http://bit.ly/29qhzUN (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Temasek exec says Stanchart can navigate challenging times
Thursday, 7 Jul 2016 03:03am EDT 

Temasek Exec Says : Standard Chartered CEO Bill Winters has made good start in "steadying the ship" . Stanchart can navigate challenging times because of strong franchise in attractive markets . Very comfortable with investments in China Further company coverage: [STAN.L] ((marius.zaharia@thomsonreuters.com;)).  Full Article

Temenos Group says wealthsuite integrated wealth management solution selected by Standard Chartered Bank
Friday, 1 Jul 2016 01:37am EDT 

Temenos Group AG :Its wealthsuite integrated wealth management solution has been selected by standard chartered bank, a leading international banking group, for deployment in more than 30 markets.  Full Article

NY's dept of financial services has asked Goldman Sachs and three banks to give information about shell companies - Bloomberg
Wednesday, 11 May 2016 04:09pm EDT 

: Ny's department of financial services has asked Goldman Sachs and three banks to give information about shell companies - Bloomberg, citing source . Ny's dept of financial services also asked BNP Paribas ,Canadian Imperial Bank Of Commerce , Standard Chartered for info- Bloomberg, citing source Source (http://bloom.bg/1TAhrQd) (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

Standard Chartered PLC Said to Probe Banker Expenses, Personal Loans - Bloomberg
Thursday, 28 Apr 2016 08:00pm EDT 

Standard Chartered PLC:Standard Chartered Plc has been conducting a probe into its bankers’ conduct, including cases of padding expense reports and improperly lending money to colleagues, people with knowledge of the matter said - Bloomberg.The investigation led to the departure of several bankers in Dubai in the past six months, including at least three managing directors, after Standard Chartered found they personally lent money to other employees in violation of internal compliance rules, two of the people said.Chief Executive Officer Bill Winters said this week Standard Chartered needs to tighten up “everything” around its controls including risk management, expenses and compliance.Last year, the bank appointed the former U.K. surveillance chief as a senior adviser and named an ex-Interpol president to the board’s financial crime risk committee.Standard Chartered has been seeking to improve controls after being fined in the past four years for money-laundering failures and breaching Iran sanctions.Though Standard Chartered has a “fantastic” ethical culture, “there was a looseness” to the way the bank was managed during the bank’s years of outperformance and “little mistakes got amplified.” Winters said in a April 26 interview with Bloomberg Television in London, speaking generally about the firm.  Full Article

MOVES-StanChart head of financial markets Paul quits

LONDON, Sept 23 (IFR) - Standard Chartered's head of its financial markets unit Jonathan Paul has quit after less than 18 months in the role.