Search Results for: Standard Chartered
Standard Chartered Bank fined for poor AML controls
April 25th, 2019
The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed ...
Dentons makes it onto Standard Chartered’s overhauled global legal panel
May 19th, 2017
For the first time Dentons has won a spot on Standard Chartered’s global legal panel while Herbert Smith Freehills (HSF), Baker McKenzie, Allen & Overy, Clifford Chance, Hogan Lovells, Slaughter and May and Linklaters have all been reappointed. Review ...
Standard Chartered Bank Announces Intent to Join Thomson Reuters KYC Managed Service for Africa
May 17th, 2017
Standard Chartered Bank today announced its intent to join Thomson Reuters Org ID regional managed service solution for Know Your Customer (KYC) due diligence in South Africa. Standard Chartered Bank has made the decision to join the African KYC ...
Standard Chartered faces sanctions over Hong Kong flotation
November 1st, 2016
Standard Chartered has become ensnarled in another regulatory problem after admitting it faced potential sanctions from the Hong Kong authorities over its handling of a stock market flotation. As the London-listed bank reported its third quarter results, it admitted that ...
Standard Chartered goes global with ‘bank on an iPad’
March 8th, 2016
Standard Chartered is to equip staff worldwide with an iPad-based sales and service tool that “brings the bank” to the client. Retail Workbench, initially launched in Korea in 2014, enables sales staff to open an account for a client ...
Standard Chartered Drops After First Annual Loss Since 1989
February 24th, 2016
Loan impairments almost double to $4 billion, highest ever CEO Winters says performance to remain `subdued’ in 2016 Bill Winters took more “painful” steps to turn around Standard Chartered Plc as the bank posted its first annual loss since ...
Standard Chartered among banks in China forex ban – sources
January 7th, 2016
Standard Chartered (STAN.L) is among three lenders that China’s central bank last week suspended from conducting some foreign exchange business until the end of March, two sources with direct knowledge told Reuters on Wednesday. Reuters reported on Dec. 30 ...
Standard Chartered seeks £3.3bn from shareholders
November 4th, 2015
Bank posts first loss in years, and says it will cut 15,000 jobs and withdraw from riskier lending Standard Chartered is asking shareholders to stump up £3.3bn while axing 15,000 jobs after reporting its first quarterly loss in 15 years. ...
Standard Chartered, Societe Generale are among four banks added to Forex Lawsuit by investors
August 3rd, 2015
Standard Chartered Plc and Societe Generale SA are among four banks added to a suit by investors claiming banks manipulated the $5.3 trillion a day foreign-exchange market. The investors filed a revised complaint Friday in which they broadened their ...
UAE among priority countries for Standard Chartered
June 26th, 2015
Standard Chartered has outlined a plan to spend more money growing its business in emerging-market countries including the UAE, where the fallout from lower commodity prices has not been as crippling as it has been in countries such as ...
