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Standard Chartered PLC is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services.Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East.
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In February 2015, it was announced that Winters would replace Peter Sands as CEO of Standard Chartered in June 2015. [13] Since he joined Standard Chartered, the share price has fallen, as has that of peer HSBC. Standard Chartered's executive pensions attracted some investor criticism in 2019, and some 36% of votes cast at StanChart's annual ...
In 1969, Chartered Bank merged with the South African bank Standard Bank, forming Standard Chartered Bank. After the merger, the Indian branch of the bank continued to handle the local business. [7] In 2015, the bank announced its intention to be incorporated locally and become a wholly owned subsidiary (WOS). [8] However, this plan has never ...
Standard Chartered has become the latest British firm to attract investor criticism of executive pensions, although shareholders stopped short of blocking the lender's pay plans outright in a vote ...
Standard Chartered Singapore (officially Standard Chartered (Singapore) Limited) is the Singapore based subsidiary of British banking and financial services company, Standard Chartered. Opening its first branch in 1859, the bank is one of the oldest in continuous operation in Singapore. [ 1 ]
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Between 2002 and 2008, the headcount of Standard Chartered nearly doubled to 70,000. [3] [5] The British bank rescue plan, which was copied around the world, was based on a blueprint devised by Sands. [7] Standard Chartered itself did not take "any taxpayer money or used any central bank liquidity schemes". [8]